A new episode of inflation on the price of onions
India
Thursday 10 September 2015
FJ
Onions, basic ingredients in Indian food , record a new spike in price.
In the state of Maharashtra, the largest onion market, the record fell in September 2013 : onion has traded 57Roupies / kg. In Mumbai, the price reached 70Roupies / kg in Delhi 65Roupies / kg.
A retail price of more than 100 Rupees / kg is predicted by the end of September, before the new harvest coming to the market .
The government has decided to import onions from Egypt and Afghanistan, but it will take time to roll back prices.
source : dnaindia.com, financial times com