In a troubling trend reminiscent of the recent tomato price surge that saw rates hitting an alarming Rs 150 per kilogram just a few months ago, Visakhapatnam is once again witnessing skyrocketing vegetable prices, this time with onions taking center stage. Shoppers in this coastal city are currently shelling out a substantial Rs 37 per kilogram for onions at the Rythu Bazaars, while those buying from open market vendors face an even steeper price tag ranging from Rs 40 to Rs 45.
The question on everyone’s mind is, what’s driving this rapid rise in onion prices? The culprits behind this economic upheaval are multifaceted. A major contributing factor is the delayed arrival of the latest onion harvest. As a result, the market is still heavily reliant on older stock, which has been met with mixed reviews. Bulk buyers sourcing onions from Kurnool have encountered a quandary, purchasing the staple vegetable at prices ranging from Rs 2,800 to Rs 3,500 per quintal. Unfortunately, the quality of these older onions often falls short of expectations, leaving many disappointed.
Transportation costs and profit margins imposed by middlemen are also exerting their influence on the ever-increasing market prices. With each link in the supply chain demanding its share, consumers ultimately bear the brunt of these escalating expenses.
Over the course of the past week, the citizens of Visakhapatnam have witnessed an astonishing jump of Rs 10 in onion prices. This alarming surge is a direct result of the factors mentioned earlier. Unfortunately, the situation is not expected to improve in the near future. Consumers can anticipate a gradual yet persistent increase in onion rates continuing until at least December.
In the face of these daunting challenges, frustrated consumers are pleading with vendors to provide better quality onions in the marketplace. The demand for a resolution to this onion crisis is mounting, as households across Visakhapatnam grapple with the burden of inflated prices.
As the onion prices continue their relentless climb, the focus is now on local authorities, agricultural experts, and policymakers to find sustainable solutions to this ongoing issue. Whether it’s streamlining the supply chain, promoting better storage facilities, or encouraging the cultivation of onions in the region to reduce dependence on external markets, Visakhapatnam’s residents are looking for their leaders to take action and alleviate the financial strain caused by these ever-increasing onion rates.