Onion price shot up at Kurnool market yard due to low arrival of the commodity on Friday. According to reports, the commodity quoted a price of Rs. 2200 per quintal which was the highest this season.
Commission merchants said only one truck of commodity arrived in the market today spurting demand. Usually, the onion, cultivated in dry land and under irrigated conditions, arrived till the end of January and even in February. However, the crop ended early this year due to monsoon failure.
In the season, the Kurnool market receives around 50 to 60 trucks per day. The commodity is exported to Tadepalligudem, Kolkatta and Chennai. The traders said when the wholesale price was ruling around Rs. 2,200 and the retail prices would be between Rs. 25 and 30 per kg.
According to market sources, Kurnool market had to rely on supplies from Pune where harvest would start soon.
High cost attributed to poor yield this year due to monsoon failure