This paper delves into the recent onion shortage which resulted in the skyrocketing prices of the commodity. While the problem has partly died down, it brought to fore critical issues affecting the industry. And these issues are not confined solely to the industry but also other major agricultural commodities. Important lessons have to be learned to avoid a recurrence of the problem. This note tries to analyze the factors that contributed to the situation including supply and demand, importation, and bottlenecks in the supply chain. Reform measures are being proposed to address anti-competitive practices besetting the industry. Other policy imperatives such as improving credit accessibility, increasing cold storage facilities, and strengthening market linkages are also being recommended to help onion farmers.