Researchers from Institute for Social and Economic Change say price will stabilise only by March 2020
Bengaluru: The price of onion in the country spikes every two years and this is largely triggered by a series of factors, including drought, late arrival of monsoon, floods, crop failure, and supply disruptions, according to a recent study. The current sharp spike in onion price is expected to continue till at least March next year, the study says.
Onion rates have been ruling high for the past few weeks in the backdrop of crop failure in Andhra Pradesh and Tamil Nadu, and delayed kharif harvest in Maharashtra owing to late sowing.
The problem was aggregated this year by the damage caused by floods in Gujarat, Madhya Pradesh and parts of Karnataka, said the study titled ‘Price volatility and major causes in demand and supply management of onion in India’ (2019) by Manjunath A.V., Khalil Shaha and Maruthi I., faculty members of Institute for Social and Economic Change (ISEC), Bengaluru.
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