Floods make onion prices soarhttps://indianexpress.com/article/cities/ludhiana/floods-make-onion-prices-soar/

Floods make onion prices soar

While Karnataka and neighbouring states are reeling under the flood fury,Punjab too is feeling the heat.

While Karnataka and neighbouring states are reeling under the flood fury,Punjab too is feeling the heat.

The onion supply which comes from Karnataka has been damaged badly,with the result that during the past one week,price of onion in Ludhiana market has shot up by Rs 6 a kg. The price may continue to rise until the new onion variety from Rajasthan and MP,which is not ready as yet,starts arriving in the state.

Manga Ram,a wholesaler dealer of onions,while confirming the development,said,“In the wholesale market,the prices have increased from Rs 10-12 a kg to Rs 17-18 a kg during the past six days. The onion crop from Sholapur in Karnatka was ready to arrive in Delhi and Punjab markets,but got stuck because of the prevailing flood situation. Besides,a huge quantity of onions has also been damaged as per the information given to us. This has led to shortage of onion in the market. At present,we only get supplies from Nasik which are not sufficient to cater to the market,especially in this festival season.”

In the retail market the price of onion hovers in the range of Rs 22-25 a kg in the posh markets of Ludhiana.

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Meanwhile the trade in general in the city is also getting impacted by the floods down south. The cycle parts dealers,in particular,have suffered losses because they have not been able to dispatch their ready goods to Karnatka with most parts of the state reeling under the flood fury.

When contacted,Charan Singh Lohara,national president of All India Motor Transport Congress,said,“All types of products — hardware,complete cycle,cycle parts etc — are supplied to Karnatka and the neighbouring states. Because of floods,our transport services have been affected by more than 40% in that area.”