Onion Prices: 20% Rise & Rain Damage – Update
- Onion prices are on the rise, climbing roughly 20% in the last two weeks.
- Trade sources suggest that government procurement of onions may further fuel price increases.
- Market analysts are closely watching government actions and weather patterns to predict future onion price trends.
Breaking news: Onion prices have surged by 20% in just two weeks,fueled by devastating rain that has crippled crop yields and diminished market supply. This significant hike is impacting consumers and sparking concerns across India. News Directory 3 reports government procurement could further inflate costs, even with ample storage. Witness the average price at the Lasalgaon wholesale market jump from ₹11.50 to ₹14 per kilogram. Will prices stabilize, or will we see a continued climb? discover what’s next in this critical market analysis.
Onion Prices Rise Amid Crop Damage and Procurement
Updated June 02, 2025
Onion prices are on the rise, climbing roughly 20% in the last two weeks. The increase stems from heavy rains that have damaged crops, reducing the amount of this essential vegetable reaching the market.Despite strong onion production and existing storage, prices continue to climb.
Trade sources suggest that government procurement of onions may further fuel price increases. the average price at Lasalgaon wholesale market in Nashik, India’s largest onion market, has already risen from ₹11.50 per kilogram on May 15 to ₹14 per kilogram on May 31, a 20% jump.
What’s next
Market analysts are closely watching government actions and weather patterns to predict future onion price trends. Consumers may see continued price volatility in the coming weeks.