HYDERABAD: Onion prices in the city have reached a new high, especially at upscale supermarkets with prices reaching as high as Rs 43 per kg, while it continues to sell between Rs 28 and Rs 36 at regular kirana/ general stores.
Though none of the supermarket managers were willing to go on record, all of them said that the price escalation has occurred in the past 72 hours, especially after the recent unseasonal rainfall across the country. The state gets its supply of onion from Maharashtra and Karnataka. Sources said the stocks from Nasik in Maharashtra is continuing to come in but the flow from the other neighbouring state has dwindled. "Hence, anticipating a shortfall in the next few days, upmarket outlets have indiscriminately jacked up the price of onion," said sources. Read More
