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Posted On: 19 August 2013 12:34 pm
Updated On: 12 November 2020 02:13 pm

Drastic fall in imports: Indian onion price rise in Qatari markets

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The price of Indian onion has shot up in the local market from QR2 per kilogramme to QR4 in last three days as major onion producing states in the country experiencing a sharp decline in produce as a result of heavy monsoon showers. Prices of the product have gone up by more than 50 per cent in the local market over the past one week and a further hike is expected very soon. The price of the product doubled within few days due to a shortage in its supply in the Qatari market, according to vendors. The market price of Indian onion is QR3.95 per kg. We are selling it for QR4, the maximum price fixed by the ministry concerned, said a top official of Quality Hypermarket in Doha. Indian onion is short in supply at the central wholesale market causing a rise in retail prices. Outlets directly importing onion from India have also hiked the prices in keeping with the daily price list issued by the Ministry of Business and Trade. Some traders attributed the shortage in product supply to the recent flood in India, which affected the onion farmlands. Source:Qatar Chronicle