Moneylife » Commodity trends
Poor rains in major onion growing regions of north Maharashtra and delay in kharif sowing has resulted in higher retail prices. Reports from Maharashtra and Gujarat indicate that kharif sowing has been delayed by a month and the new onion is expected to arrive by October (instead of September); prices are expected to remain high until then. The wholesale price of onion at Nashik has increased to Rs900/quintal from Rs750/quintal in just two months. During the same period, the retail onion prices across all major cities have increased.
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