New Delhi: Wholesale prices of onion today declined by Rs3 to Rs40 per kg in Delhi due to increased arrival from key growing states, reports PTI.
“Arrival of onions are increasing from Maharashtra, Gujarat, Madhya Pradesh and Rajasthan. As a result, prices have come down by Rs3 per kg from yesterday's level,” general secretary of Tomato and Onion Merchant Association (based in Delhi’s Azadpur mandi) Rajendra Sharma told PTI.
Arrivals today were over 1,100 tonnes with maximum stock coming from Maharashtra and Gujarat.
Mr Sharma said the impact on retail prices would be seen in the next 2-3 days.
The retail prices of onion had touched a peak of Rs70-Rs85 per kg on 22 December 2010 due to sluggish supply in the wake of crop damage due to unseasonal rains.
Yesterday, retail onion prices also eased by Rs5-Rs10 a kg in major metros following raids on traders by income tax authorities in Uttar Pradesh, Tamil Nadu, Punjab, Haryana and Jammu and Kashmir.
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