WARANGAL: The soaring onion prices are not expected to come down anytime soon. This staple ingredient is currently selling between Rs 40 to Rs 60 per kg depending on its quality.
Insiders within onion trade have made it clear that the commodity’s prices are only going to go up, rather than down.
“We receive onions from Maharashtra, Karnataka, Gujarat, Bihar, Madhya Pradesh and Andhra Pradesh. Most areas of these states have witnessed heavy rainfall, leading to low yields. Due to short supply, its demand is high and so are prices. Until we reach a balance between supply and demand, the prices may remain at the higher level or may even increase. This situation is expected to prevail till Sankranti in mid January,” stated B. Manohar, an onion trader of Beet Bazaar in Warangal.
