Onion prices at two and a half year high in India

NEW DELHI: Onion prices jumped to two and a half year high of Rs 24 per kg due to tight supply and strong Ramzan demand.

Wholesale rates at Maharashtra’s Lasalgoan, the Asia’s biggest wholesale market for onion, soared almost five times higher than levels at the same time last year, stoking fears of retail prices rocketing across the country.

Retail prices of onion in Delhi ranged between Rs 30 and 35 per kg and there were fears that it may climb further due to spiral in wholesale rates.