Wednesday, January 5, 2011

Rising onion import from Pak fail to lower its price

STAFF WRITER 13:27 HRS IST

Chandigarh, Jan 5 (PTI) Despite import of over 6,000 metric tonne of onion from Pakistan and hopes of early arrival of new crop, retail rates of bulb in Punjab and here continue to remain high at Rs. 45-50 per kg.

Notably, majority of imported onion from Pakistan are being consumed in various parts of Punjab and Chandigarh with the landed cost going up due to high demand.

Onion is being sold at Rs. 45-50 per kg in markets of Chandigarh and several parts of Punjab including Ludhiana, Amritsar, traders said today.

Retail prices of onion had tumbled from Rs. 60-65 per kg to a level of Rs. 40-45 per kg almost twelve days back because of increased supply of crop from neighbouring country of Pakistan.

"But the (retail) prices have not softened further even though the supply from Pakistan has increased considerably," said a Ludhiana based vegetable merchant.

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