Meanwhile, Centre is also importing onions from Egypt, among other nations. The Union cabinet on November 20 had approved import of 120,000 metric tonnes of onion.
“The price of Bellary variety dropped by Rs 20 a kg and small onion by Rs 40 a kg on Monday in the wholesale market. The prices of both the varieties will come down gradually and stabilise at around Rs 50 a kg by next month,” A Thangaraj, general secretary, Tiruchi Onion Commission Mandi Traders’ Association, was quoted in a media report.
One of the wholesale traders, P Selvaraj, who procured imported onions from Mumbai, complained that he had incurred a loss as prices have down due to the import.