Onion prices in Hyderabad have surged by 25-40 percent in just a fortnight, driven by reduced arrivals and heightened demand ahead of Bakrid on June 17.
This spike comes amidst a production shortfall exacerbated by drought-like conditions in Maharashtra, the country’s leading onion-producing state.
Coupled with slower government procurement to maintain a buffer stock, this has resulted in a sharp rise in onion prices over the past month.