(Nashik) Onion Prices Soar at Lasalgaon Market
Reports that the ban on onion exports was going to be lifted led to prices of the bulb to go up by Rs 300 on an average at the Lasalgaon Agriculture Produce Market Committee (APMC) in the district on Thursday.
Lasalgaon APMC is considered to be the biggest onion trade hub in the country.
APMC sources said that prices were on the lower side for the last two-three weeks.
As many as 1,700 tractor-loads of onion arrived at the APMC on Thursday.
The prices of onions of various grades ranged from Rs 1,000 to Rs 2,391 per quintal and the average price was Rs 2,151 per quintal, sources said.
On Tuesday, the minimum price was Rs 1,000, maximum price Rs 2,111 and the average price was Rs 1,851.
There were no auctions on Wednesday due to a strike of Mathadi Kamgars (headload workers).
On Monday, the average price was Rs 1,750 per quintal.
Tag: Onion Prices
Onion Prices Soar at Lasalgaon Market
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Onion Price Shot Up ,Higher Then Average, to Rs 80/kg
[ Mumbai, Delhi]Onion Price Shot Up,Higher Then Average,to Rs 80/kg:
Onion prices at Lasalgaon in Maharashtra — Asia’s biggest wholesale market for onions — today touched Rs 54 per kg, the highest so far this year.Experts Call It due to tight supply of the crop.
In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg.Govt Retail Shops Are Not Providing Onion On Subsidized Rates.
Further spike in prices is expected both in wholesale and retail markets as the tight supply situation would continue in the wake of likely fall in kharif production and delay in arrival of the fresh crop.
As per the data maintained by the National Horticultural Research and Development Foundation (NHRDF), the wholesale onion price at Lasalgaon increased to Rs 54 per kg today from Rs 52 per kg yesterday.
The current wholesale price is higher than the average rate of Rs 41 per kg and Rs 15 per kg that prevailed in August 2013 and 2014, respectively.
“Prices are rising day by day due to decline in onion stocks. Adding to the supply worries is that this year’s kharif output is also expected to be lower in key growing states due to deficit rains,” NHRDF Director R P Gupta said.
There is deficit rains in most parts of Maharashtra, north interior Karnataka and Andhra Pradesh, which has caused delay in planting of kharif onion,
He added.”This means, the supply situation would remain under pressure as arrival of fresh crop is expected to be delayed, which may put further pressure on prices,”
Kharif onion is mostly grown in rainfed areas.
As per the Met Department, there is 46 % rainfall deficiency in Marathwada and 36 % deficit in Madhya Maharashtra. Similarly, there is a 44 % rainfall deficit in north interior Karnataka and 32 % shortfall in Rayalseema of Andhra Pardesh.
Asked if there was hoarding of onion stock, Nasik District supply officer G M Gadikar said, “It is difficult to say if farmers are hoarding the stock. Prices are rising because there is limited supply of onion in mandis.”
Currently, stored rabi onion stocks in the country has come down to 14 lakh tonnes from 28 lakh tonnes in July.
Total onion production is estimated to be at 189 lakh tonnes in 2014-15 crop year (July-June), slightly lower than 194 lakh tonnes, a year ago.
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