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Onion price touches Rs. 60

Staff Reporter

BERHAMPUR: The wholesale price of onion was Rs. 40 per kilogram in Berhampur on Wednesday, while the retail price touched Rs. 60 per kilogram. This disparity between wholesale and retail price is due to lack of interference of the administration and anticipatory trading by retailers, alleged trading experts and consumers. It may be noted that Berhampur is the major trading centre of south Orissa. The administration called up a meeting to control the retail price of onion in Berhampur and Ganajm district when the wholesale price of onion was Rs. 30 per kilogram. But despite signs of further hike in onion prices, no major intervention by the administration has come up to have control over the price of onion in retail market.

Ganjam Chamber of Commerce president C. Ravindranath puts blame on the electronic media for this high retail price of onion in the city in comparison to its wholesale price. According to him continuous negative reporting about the high price of onion in metros like New Delhi and Mumbai, where onion price has crossed Rs. 80, has prompted and provided scope for the retailers to hike the retail price of onion although the wholesale price remained at Rs. 40 per kilogram.

The wholesale traders also put the blame on the panicky hoarding by consumers who have started to buy onion in large quantities with the anticipation that the price may go up further. “This panicky buying has added to the chaos and put extra pressure on the onion market providing ample scope for the retailers to continue to hike their retail price of onion,” Mr Ravindranath said.

Greatest irony is that now the retailers of onion in the city have TV sets running in their shops to make the consumers feel that they are providing onion at a low rate when compared to the price in metros. But in reality they are collecting a hefty profit over the wholesale price.

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