Onion Price rise in Odisha: Blame it on lax government & speculative traders!

Bhubaneswar: Even as the State Food and Civil Supplies Minister Ranendra Pratap Swain and onion traders in unison blame the rain and floods in Maharashtra for the steep rise in prices of the bulb crop, a reality check shows how the prices of locally produced onions in Odisha have been jacked up in the months […]

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Bhubaneswar: Even as the State Food and Civil Supplies Minister Ranendra Pratap Swain and onion traders in unison blame the rain and floods in Maharashtra for the steep rise in prices of the bulb crop, a reality check shows how the prices of locally produced onions in Odisha have been jacked up in the months of August and September by the traders here to mint profit.

Consider this. As per the report of APMCs (Agriculture Produce Marketing Committees), the wholesale price of locally produced onions shot up to Rs 4,234.55/quintal in August and maintained the trend in September first week. In fact, the price last year in August-September was Rs 2,543.67/q.