Onion prices at nationwide high of Rs 70-80/kg

    NEW DELHI: Prices of onion in the capital continue to remain at an eye watering Rs 70-80 per kg, but it's not the shortage of supply that's pushing up prices so dramatically. Supply of onions in Delhi mandis has in fact increased significantly in the past 4-5 days but it has not brought down prices, indicating how traders are exploiting the crisis to make a quick buck. Onion prices are the higest in the national capital, at present. Though wholesale prices have also jumped significantly because of high rate in major mandis such as Lasalgaon and Pimpalgaon in Maharashtra, the retail price of onion in Delhi is nearly 50% more than the wholesale prices. This trend is continuing despite Delhi government selling onions at Rs 30 per kg and the staple being sold at Rs 40 at Safal outlets. ET