No onion shortage, but prices rising in Hyderabad market

  • | Monday | 18th November, 2019

An analysis by Express reveals that even though there is no shortage of arrival of onions in the city’s onion market at Malakpet, the prices are more than double of last year. In the week from Nov 10 - Nov 16 this year, the onion market at Malakpet received 30,663 quintals of Grade-I onions and 43,836 quintals of Grade-II onions. This is actually more than the stock received last year (29,225 quintals of Grade-I and 43,836 quintals of Grade-II onions) at this market in the same week. Coming to retail rates, price of Grade-I onion in the city is as much as Rs 85 per kg and the lower quality is Rs 50-60 per kg. These traders then dry the onions, store it, and release them into the market in fewer quantities, thereby jacking up the prices.

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Hyderabad Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles