Chennai

Onion prices soar to Rs 50 per kg at Chennai's Koyambedu market

Wholesalers said heavy rains in Maharashtra and increased onion exports have reduced the supply of onions from northern states to Koyambedu Market
Image of onion used for representative purpose
Image of onion used for representative purposePTI
Updated on: 

CHENNAI: Onion prices at the Chennai's Koyambedu wholesale market have risen to Rs 50 per kg from Rs 30-35 earlier this month, with wholesalers attributing the increase to a drop in arrivals from major producing states, according to a Daily Thanthi report.

Image of onion used for representative purpose
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Why have onion prices increased at Koyambedu Market?

Wholesalers said heavy rains in Maharashtra and increased onion exports have reduced the supply of onions from northern states to Koyambedu Market. Onions from Uttar Pradesh, Maharashtra, Karnataka and Andhra Pradesh are sold at the market.

Image of onion used for representative purpose
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How much has onion supply fallen at Koyambedu Market?

Traders said the daily arrival of onions, which usually stands at 70-80 trucks, has fallen to around 50 trucks.

Chennai's Koyambedu market
Onion
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