business ๐ง Why are onion prices always going up in India? ๐ง
Onion prices have recently surpassed โน60 a kg in multiple parts of India, prompting the government to deploy 'Kanda Express' buffer stocks. This recurring issue has been observed every eight to ten years since 1980, with major price fluctuations. Maharashtra, producing over 40% of India's onions, is central to this supply chain problem. The dependency on the Rabi crop storage for most of the year makes the supply vulnerable to weather shocks. Furthermore, middlemen and lack of MSP leave farmers vulnerable to wild price swings.