Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!
you are here: HomeNewsTrends

#Onionprice trends high on Twitter as netizens react to rate rise

Netizens shared memes and jokes on Twitter about the surge in rate as retail price of onion hit Rs 100 per kg.

October 22, 2020 / 10:38 PM IST

Onion, a staple vegetable and a key ingredient of most meals in the Indian household, is now more expensive than some exotic vegetables in Mumbai and Pune as the retail price soared to Rs 100 per kg, corresponding to rates at Nashik district’s Lasalgaon wholesale market. To criticise the surge in the vegetable's price on October 21, netizens shared memes and jokes on Twitter.

Officials at Lasalgaon APMC said supply fell 70 percent in two months – from 22,000 quintals/day in August to 7,000 quintals/day in October. This is likely to continue for another three weeks and wholesale prices will hover around Rs 5,500-7,000 per quintal “for a few days”, they added. The price at Nashik’s retail markets itself is Rs 80/kg.

Heavy rainfall has affected onion supply, said Lasalgaon APMC chairperson Suvarna Jagtap.

Here's how Twitter reacted to it:


Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Moneycontrol News
first published: Oct 22, 2020 06:41 pm
ISO 27001 - BSI Assurance Mark