Onion Crisis in India

Onion crisis to last 2-3 weeks:-

Even as the Centre on Wednesday stepped in to import onion from China and Pakistan in a bid to cool down Sharad Pawar warned that the crisis may continue for another two to three weeks.

prices of the staple, Union agriculture minister .http://www.ndtv.com/article/india/as-onions-inch-towards-rs-100-a-kg-onions-make-india-weep-435577

"Next two to three weeks will be tough. Ultimately, we have to find a solution. We have to import as early as possible," Pawar said, putting his faith on the import route to end the crisis.

The situation is not much better in other markets. In Chandigarh and Bhopal onions cost R

s.80 a kg. People in Bangalore are paying relatively less at Rs. 60 for a kilo. Traders say onion supplies are less than half the country's monthly demand of 9-10 lakh tonne.

A 323% jump in onion prices had pushed September inflation to a seven-month high, raising chances of another bank rate hike later this month. All bad news for consumers just before the Dussehra-Eid-Diwali festival season.