Onion prices down to Rs.40/kg on Christmas eve

Friday, December 24, 2010

NEW DELHI - Delhiites were in for a pleasant surprise on Christmas eve as onion prices were down to Rs.40 per kg Friday after having sky-rocketed to Rs.80 per kg a few days back.

Supply from Pakistan, coupled with raids on hoarders by the authorities, resulted in a fall in onion prices in the wholesale markets Wednesday.

On Friday, the Mother Dairy booths and the Delhi Milk Scheme booths in the capital were selling onions at Rs.40 per kg.

Thank god that prices are down, I feared the high rates will affect Christmas, said Kavita Kisku, a housewife.

With the fall in prices, the sales also picked up.

“The prices went down today (Friday) and the sales have increased,” said a salesman at a Mother Dairy booth in east Delhi.

Sonal Bhatt, a resident of Sarojini Nagar, said: We have so many guests as it’s vacation time, good that the prices are down.”

However, the prices were slightly higher at supermarkets and vendors.

I have bought the onions at high price in the mandi (wholesale market) so I have to sell it at higher price. My margin is still small, said Sahu Kumar, a retail vendor in Tughlakabad.

Filed under: Economy

will not be displayed