From Rs 5-10 per kg six months ago, the onion prices stand at Rs 70, 80, 90 and even Rs 100 per kg. This sudden dip and rise in onion prices trigger curiosity about the reason behind this fluctuation. You may be wondering why, even after being grown throughout the year onion prices shoot up every year. The centre has fixed the Minimum Export Price (MEP) for onion export at Rs 66,730 per tonne. Meaning, no onion trader can export onions at a price lower than this till 31st December.

Source: dna October 31, 2023 23:50 UTC