India TV Poll: Will the sudden surge in onion prices spoil the festive season?
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Key Findings from the Poll
A total of 7,388 users participated in India TV’s onion price poll. The results reveal that nearly 61 % of respondents believe that expensive onions won’t dull the festive spirit. Conversely, around 36% of participants think that the festival might be affected by the rising onion prices, while 3% chose not to offer an opinion on the matter.
India TV Poll: Will the sudden surge in onion prices spoil the festive season? Know here
Onion prices reach 80–90 rupees per kilogram
Presently, onion prices in retail markets have surged to 80 rupees per kilogram. This price hike is affecting the common man’s budget significantly. Retailers report that people who used to buy 2 kilos, 2.5 kilos, or 3 kilos of onions are now settling for just half a kilo or 1 kilo. Nagpur’s traders explain that a poor onion crop in the previous season due to adverse weather conditions led to low-quality onions entering the market. In typical times, the market would receive about 25–30 trucks of onions daily. This has dwindled to 10–15 trucks per day. Each truck carries approximately 10 tons of onions, resulting in a daily supply of 1,200 to 1,500 tons of onions to the market.
As rising onion prices grab attention and impact the budgets of many households, the public remains divided on whether these soaring costs will put a damper on their festive celebrations.
Also read | Nita Ambani receives Global Leadership Award for philanthropy and CSR from USISPF
Latest Business News
