While North India is witnessing a change in season from summer to winter, the Onion Price hike has shocked the common people. The onion price increase came months after the Government of India intervened in the matter and in August it offered onions at subsidized rates, however, imposed a 40 percent tax on the export of the same. Although the government's steps controlled the Onion Price surge to some extent, now things have started to go out of hand as many states are selling onions at Rs 70 to Rs 80/KG. Now, the question arises as to why Onion prices are raising or what is the Onion Price hike reason. To know the answer continue reading-
Onion Price Hike Reason
As per reports, Onions were selling at a retail price of Rs 30 to 35/KG during Navratri. However, as soon as Navratri and Dussehra concluded, Onion prices soared up to Rs 70/KG. As per reports, not only retail but per quintal prices of Onion have also increased. In some states, per quintal onion is priced at Rs 4000.
