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Onion price likely to fall over next few days



Onion price likely to fall over next few days
Onions remain the butt of jokes nationwide, the good news is that the onion prices have begun declining since Tuesday. The price sharply dropped in Coimbatore on Tuesday, as the wholesale price of onions was Rs 80 to Rs.90 per Kg, as against Rs.150 per Kg just four days back. In Wayanad, the price dropped to Rs.140 a kilo from Rs.155 on Monday.

Onion prices fell by Rs 5-15 per kg in the wholesale market till Monday.
As demand for the bulb has dropped and supplies are likely to increase further prices may come down further, said an APMC official. 
 
Reason for price rise 
Onion prices had soared to a record level in the last few days owing to the poor climatic conditions in key producing states of Maharashtra and Karnataka.
After the sudden upsurge in prices of onion, people had started making all sorts of funny jokes on social media platforms like Twitter, Facebook, Instagram and in our day to day conversations. Goan capital Panaji saw onions sold at Rs. 165, the highest rate in the country, whereas, the commodity was most affordable in Jhansi i..e Rs. 40 per Kg.  
 
What Nirmala Sitharaman said in Lok Sabha
Amidst all this, several politicians made irresponsible statements when they were asked about the soaring onion prices. Union Finance Minister Nirmala Sitharaman started making headlines again after she said she belongs to a family that doesn’t eat much onion and garlic. Just after this statement surfaced, #SayItLikeNirmalaTai started trending and a meme fest began on various social media platforms.  
 
Effective measures needed to deal with food inflation 
The rise in onion prices have left Indian citizens teary-eyed. With the rise in the unemployment rate, low GDP, surge in prices of essential commodities and a drop in GDP, one is forced to think if all is well with the Indian economy! Onion prices have toppled Governments in the past, it is high time that rather than diverting the issue of price rise, the BJP Govt undertakes effective measures to bring inflation under its control.
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