Govt suspends onion export for two weeks

With onion prices staying in the range of Rs 24 to 28 per kg in the domestic market, the Government is expecting the new crop from Nasik and Karnataka to give some relief to consumers by the middle of this month.

With the onset of the festive season the demands for onions have risen with wholesale prices soaring to Rs 2,125 to 2,375 a quintal this week against Rs 1,450 a quintal last week.

Traders said there is unlikely to be any respite for the next 15-20 days because of high demand, though there were no problems in arrival of the stock.