Onions have become costlier despite higher production and storage. Prices are likely to increase some more, supported by an expected government procurement of onions, said trade sources.
At Nashik’s Lasalgaon wholesale market, the biggest for onions in India, the average price has increased by about 20% from ₹11.50 a kg on May 15 to ₹14 on May 31.
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The Nifty has entered a phase of short-term weakness after slipping below the 25,900 mark, though its broader uptrend remains...
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