Bhubaneswar: Consumers will heave a sigh of relief in upcoming days as the onion price is likely to come down by end of December this year.
The skyrocketing onion prices will decline drastically and it will be available between Rs 40 and Rs 50 in local markets by December 15, informed Odisha Byabasayee Mahasangh president Sudhakar Panda.
Further, the prices will be reduced to around Rs 20 and 25 by December 25, he said adding that the quintessential vegetable prices will fall by Rs 15 today evening.
The prices of onions that crossed Rs 150 in the state will is likely to decrease by end of December or first week of January next year, said Food Supplies & Consumer Welfare Minister Ranendra Pratap Swain after chairing a high-level meeting at Lok Seva Bhawan over steep rise in onion prices in Odisha.
“We were getting 50 trucks of onions that reduced to only one. We also witnessed such a tough situation when not a single truck carrying onions reached the state. Even as the onion prices have brought tears to consumers across the country, the overall situation in the state has improved slightly,” he told media.
The prices will further reduce with availability of new crops in the markets as per supply and demand, he added.
According to reports, the prices will decline significantly after the onions imported from other countries reach India.
The onions from other countries will reach the country on December 15. India government is importing total 1790 tonne onions from Turkey (11,000 tonne) and Egypt (6090 tonne) to meet demands of consumers.