Onion Price Hike: Onion prices will make you cry due to inflation, prices have increased by 112%

Breaking News, Digital Desk- Food is a basic need of a human being. Living without it is not only difficult but impossible. But in recent times, the prices of vegetables used daily in the kitchen like potatoes, onions and tomatoes are increasing continuously. According to the research report of the Ministry of Agriculture, this time farmers are getting a very good price for onions as compared to last year. 

Its wholesale price has increased by 111.97 percent in just one year (increase in onion price). According to the report, on July 6, 2024, the wholesale market price of onion was Rs 2637.72 per quintal, whereas a year ago in 2023 on the same date, farmers were forced to sell onions in the markets at a price of only Rs 1244.33 (onion price hike news).

This year, due to the decrease in onion production, the arrivals in the markets have reduced, due to which the prices are continuously increasing. One more thing has come out in the government data that the consumers are getting onions at more than three times the price at which the farmers are selling it. 

According to the ministry, between 6 June and 6 July 2024, 12,39,280 tonnes of onion has arrived in the entire country, whereas between 6 June and 6 July 2023, the arrival was 17,71,505 tonnes. That is, this time 30 percent less onion has come to the markets for sale as compared to the arrival of last year. 

Such a low arrival is enough to increase the price. The arrival of onion in Telangana has decreased by 76 percent this time as compared to last year. This year, only 25401 tonnes of onion has come for sale in the state in the last one month, whereas during the same period last year, 1,07,303 tonnes of onion had arrived. 

Know what is the rate in Maharashtra

The central government had said in March this year that onion production (first advance estimate) in 2023-24 is likely to be only 254.73 lakh tonnes as compared to the production of about 302.08 lakh tonnes last year. Because production has decreased in the major onion producing states. 

In this, the production is estimated to decrease the most by 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in Andhra Pradesh and 3.12 lakh tonnes in Rajasthan.

Now let us tell you that its clear effect is visible on the arrival. In Maharashtra (onion price in in Maharashtra), the arrival of onion has decreased by 37 percent as compared to last year. According to the ministry, between 6 June and 6 July 2024, 5,97,685 tonnes of onion have arrived in the state's mandis, whereas last year 9,42,444 tonnes have arrived. 

Low arrival of onion in Madhya Pradesh and UP too 

In the country's second largest onion producer state, this year there has been 11 percent less arrival as compared to last year. This year, 2,07,635 metric tonnes of onion has arrived in the last one month, whereas last year the arrival was 2,33,385 tonnes. 

A 20 percent decline has been registered in the arrival of onion in Uttar Pradesh. This year, 1,44,126 tonnes of onion has arrived in the last one month, whereas during the same period last year i.e. 2023, 1,81,077 tonnes of onion came for sale. 

Huge difference observed in wholesale and retail selling price 

According to the Union Agriculture Ministry, the wholesale price of onion on 6 July 2024 was Rs 2637.72 per quintal. That is, Rs 26.37 per kilo. 

Whereas according to the Price Monitoring Division under the Ministry of Consumer Affairs, the maximum retail price of onion on July 6 was Rs 80 per kilo. That is, the consumer is getting it at more than three times the price at which the farmer is selling the onion. 

The amount that the farmers are earning after 4-5 months of hard work, the traders are earning double the amount in just a few days of hard work. 

Both the wholesale price and retail price of onion are government figures, which are confirming that it is the traders and not the farmers who are increasing the price of onion.