Onion Prices Touch Five-Year High In November

New Delhi: The price of onion across several major cities has soared significantly over the past few days, leaving customers in distress. It has risen from Rs 40-60 kg to Rs 70-80 per kg at the wholesale markets, reported ANI. In some cities, the prices of onion have doubled, rising by nearly Rs 40 in a span of a few days.

The spike in onion prices is having a significant impact on households and impacting consumer habits, leading to volatility in the wholesale markets. In metro cities like Delhi and Mumbai, the prices of onions per kg have reached their 5-year high in November.

While the rising onion prices have left customers teary eyes, the sellers are struggling to keep up with the rising rates as sales reduce.

Speaking to ANI, a seller at a market in Delhi said, “The price of onions has risen from Rs 60 to Rs 70 per kilo. We source it from the mandi so the prices we receive from there affect the prices on which we sell it.”

The seller further said, “There has been a reduction in sales because of the price hike but people are still purchasing it since it is an important part of food eating habits here.”