NewsX: After racing ahead of the rupee, onion could turn costlier than petrol

New Delhi: After racing ahead of the rupee, onion could turn costlier than petrol in the main consuming centres of Delhi and Mumbai. Onion prices, which have been fuelling headline inflation, touched a new high in the country's largest market at Lasalgaon in Maharashtra's main onion growing area on Tuesday. The modal price shot up to a new high on Tuesday crossing Rs 5,501 per 100 kg, after supplies of the stored commodity dried up ahead of the harvest. The maximum price for top quality onions at Lasalgaon touched a high of Rs 5,813 a quintal as arrivals stood at around 400 tonnes. "The wholesale prices have been going up by Rs 3-4 per kg every day in the past few days as stocks have almost depleted with stockists and aggregators in the key growing regions of Maharashtra," trade sources in Delhi said.

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