TIWN
Kolkata, Nov 26 (TIWN) The price of onion is bringing tears in the eyes of its consumers in Bengal, with a kilo of the staple costing a whopping Rs 100 on Monday in some city retail markets.
The vegetable not only scored a "century', its price shot even higher in a few markets. Onion had been selling at ₹70-80 a kilo over the past couple of weeks. Traders, however, felt the price would hover around the present figure, if not at a higher range for a few more days, as the state's decision to import onions from Rajasthan and Karnataka to boost the stock would see on-ground effect only next month. A member of the state task force on vegetables said the situation has come to this pass because of the heavy rains in Maharastra's Nashik, which resulted in a large quantity of the bulb rotting following water seepage.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals