Onion wholesale prices stabilise at Koyambedu market around ₹55 per kg
Onion prices at the Koyambedu wholesale market have stabilized at ₹50-₹55 per kg due to improved supply chains. Traders expect these prices to persist for the next month, noting that retail prices remain higher and supply quality varies.
Why it matters
Onion prices are a key indicator of food inflation and household cost-of-living pressures in India.
Onion prices have stabilised at ₹50-₹55 per kg at the Koyambedu wholesale market over the past few days. Traders, however, said prices were likely to remain the same for at least another month and were not expected to see any significant drops.
The cost of the onions, one of the kitchen staples, climbed up to ₹60 per kg last week. However, the prices remain steady at ₹50-₹55 per kg now. However, onions are being sold for up to ₹70 per kg in the retail market.
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