Chart of the week: India’s onions reach eye-watering highs

A poor harvest has triggered a shortage of onions in India. Prices are almost seven times higher than in 2004.


A poor harvest has triggered a shortage of onions in India, one of the world's top producers and exporters.

Indian dishes tend to use a lot of onions. Due to a 245% annual jump in wholesale prices leaving them almost seven times higher than in 2004 overall food inflation has reached a three-year peak of 18.2%.

Advertisement - Article continues below

The government, which remembers that a 1998 shortage led to the fall of one of its predecessors, is now allowing them to be imported.



Soft commodities

Invest in water and provide a buffer against future pandemics

Global water shortages have long hampered growth and development, and climate change has exacerbated the problem. Will the coronavirus pandemic be a t…
22 May 2020

Most Popular

Global Economy

The MoneyWeek Podcast: James Ferguson on the virus, the lockdown, and what comes next

Merryn talks to MoneyWeek regular James Ferguson of Macrostrategy Partnership about what's happened so far with the virus; whether the lockdown was th…
28 May 2020

As full lockdown ends, what are the risks for investors?

In the UK and elsewhere, people are gradually being let off the leash as the lockdown begins to end. John Stepek looks at what risks remain for invest…
29 May 2020

Can the UK housing market escape a slump?

The Bank of England is predicting a 16% slump in house prices.
29 May 2020