There may be some relief from rising onion prices in near future. Retail prices of onions are likely to come down a bit after a crash in the wholesale rates. Wholesale prices at Vashi Agricultural Produce Market Committee(APMC) are down by Rs. 1200 rupees a quintal since Tuesday. The reason: a glut of fresh stock that's flooded the market from China, Pakistan and Egypt. A spike in fresh supply from Karnataka has also contributed to the fall in the wholesale rates.
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