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Onion Costs Rocked with Record High

Onion prices in India flowed by a third on Monday to knock a record high on a deliver wring due to last year's deficiency in key growing areas, and as this year's yield was broken in a few southern and northern states due to serious rainfall. The onion is a universal element in many Indian dishes. Soaring prices of the vegetable have helped extricate state governments in the past, and mounting food costs often ember street protests. The average prices at Lasalgaon, India's largest wholesale onion market in Maharashtra, soared just about 37 percent to 4,300 rupees per 100 kg, breaking the previous record of 3,800 rupees smacked on December 20, 2010. Retail prices have mounted more stridently. In some metropolitan areas like Mumbai, the retail price was 6,500 rupees per 100 kg on Monday, evaluated with 2,000 rupees just two months ago. Key spot markets in Maharashtra, the nation's top onion manufacturer, received only about half the deliver in August compared with last year, data with the National Horticultural Research and Development Foundation showed. "Onion supplies will get better from mid-October, until then prices will stay firm,"

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