India Insight

Pricey onions mean more tears for businesses, public

October 31, 2013

By Anupriya Kumar and Arnika Thakur

Onion prices recently reached 100 rupees per kilogram ($1.62) in some parts of New Delhi. It is hard to emphasize enough how prices like that are hurting businesses and the public. Onions are one of India’s staples, and people consume 15 million tonnes of them a year. Now, many people can’t afford to buy as many as they need – or any at all.

Running rings around onion prices

August 16, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The size and swiftness of the current price spike in onions has surprised everyone, even those who have been dealing with India’s most politically sensitive commodity for decades. How come retail prices have doubled in Mumbai in a week? Why did prices at Lasalgaon, India’s largest wholesale onion market, rocket 38 percent on Monday?