No Indian dish is complete without the use of onions. It’s no surprise that they’re regarded as one of the most important kitchen staples when it comes to food preparation.
With the marriage season underway, even a small fluctuation in the prices of onions can affect most households, hotels, and restaurants given the huge amount of onions that go into preparing food for weddings, receptions, and other parties. However, the drop in onion prices in Hyderabad this season has provided much-needed relief to hoteliers and caterers.
Several markets in the city, including the Malakpet market, are flooded with onion stocks, leading to a sharp decline in the prices of the bulbs.
At wholesale markets, prices have fallen from Rs 1,600 to Rs 2,000 per quintal to Rs 1,200 to Rs 1,500 per quintal. The price drop is being attributed by traders to a bumper onion harvest in Maharashtra, which has resulted in an oversupply of onions in Hyderabad.
“The drop in prices of onion is due to better production this year in several parts of India, particularly in Maharashtra. It has brought a sigh of relief to households and hoteliers amid recent hikes in the prices of both commercial and cooking gases, particularly with the ongoing marriage season,” said a trader at Malakpet Market.
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Onions are priced between Rs 17 and Rs 21 per kg online, while in retail and grocery shops, the prices are between Rs 16 to Rs 25 per kg, depending on the size and quality of the onions.
“Grade 1 onions are being sold at Rs 1,200-1400 per quintal, while the small size onions (sambar onion) and panga variety onions are being sold between Rs 200 to Rs 350. In the coming months too, we may not see a sharp rise in the market,” said a trader Mohan Rao at the Malakpet market.
Another trader, Rakesh, stated that around 70 trucks of onion were arriving at the market from various states such as Karnataka, Maharashtra, and Andhra Pradesh. Truck loads were also coming from the Narayankhed, Tandur, and Mahabubnagar of Telangana, he said.
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