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Speaking on the issue, a trader said, “Before floods, 1 kg onion used to cost around Rs 15, now it touches Rs 30 in the wholesale market and Rs 40 in retail shops and street vendors. We import onions from Maharashtra and also use the onions that are grown here but recent floods have damaged the roads in North Karnataka affecting the supply.”
He further added, “Even trucks from Pune are stuck in major cities. We are waiting for fresh goods. Big trade agencies like Mourya Export in Pune, BLS Murthy and Nagappa Chetty in Bengaluru are also in a panic.”
As per the sources, onion prices may rise up to Rs 60 due to the festival season.