Onion price in Bengal to stay firm at Rs 60-70 till Diwali

By: admin
Updated: 21 Oct 2013 09:47 AM

Kolkata: The sudden jump in onion
prices in Delhi has not impacted West Bengal so far and traders are not
expecting rise in the retail price above Rs 60-70 a kg in markets here.

"We do not expect any further rise in onion prices in the retail markets
from Rs 60 for regular quality and Rs 70 a kg for premium quality.
Moreover, we expect prices will begin easing post Diwali," commodity
market analyst and adviser to state government Shibu Malakar said.

A onion wholesaler here also corroborated it saying wholesale price at the
Posta market remained at Rs 1,800-2,000 a tonne during the day.

"Only a small quantity of premium onions were sold at Rs 2,300-2,400 a
tonne. This variety is selling at Rs 70 a kg in the retail market," the
trader said declining to be quoted.

Onion prices in Delhi retail markets had touched Rs 80 a kg.

Supply in the city wholesale markets remained lower by 40-50 per cent as
new crop is yet to hit market.

Nasik-based traders have blamed unseasonal rains as the cause for delayed
harvest and new crop in the market.