Behind the onion price spike, a cartel of traders in a Maharashtra town
A powerful traders' cartel working Asia's biggest wholesale market at Lasalgaon town in Maharashtra is believed to be a key factor behind the staggering rise in onion prices. NDTV's investigation into the fluctuating onion prices at Lasalgaon in Nasik revealed that onion prices shot up due to a drop in supply, and peaked when markets were suddenly flooded with onion stocks in August and October.
