Due to scarcity of supply, retail onion prices have reached a record Rs. 80 per kg in the capital of India. A similar trend can also be seen in other states of the country where it is valued at around Rs. 50-60 per kg, which has made them the most expensive in the world.
As people have no option but to accept the soaring high price, things may turn worse for them as the prices are expected to go a level up by next week making it an implausible Rs. 100 per kg.
The average prices at Lasalgaon -Maharashtra, India's largest wholesale onion market, jumped around 37 percent to Rs 4,300 per 100 kg, outclassing the earlier record of Rs 3,800 struck on 20th December, 2010.
One main reason for this convolution is the heavy rainfall this year which destroyed the planted crops in Andhra Pradesh and Rajasthan.