Onion trade in the country suffers from classic price volatility, a term used for regular patterns of wild swings in prices. “Onion prices have remained elevated during the festive season. The government previously banned onion exports in 2019 on September 29, after a bad crop crimped output. In December that year, prices soared to Rs80 per kg in the national capital. Since the bulb is a common base ingredient of most Indian dishes and widely consumed, consumers are quite sensitive to a rise in onion prices, relative to many other commodities.

Source: Hindustan Times December 29, 2020 02:57 UTC