Price of onions skyrockets again, touches Rs 80/kg in local market

 

Monday marked a record high for the onion trade, with its price crossing Rs 5,500 per quintal at all agricultural produce market committees (APMC) in the state. While the maximum price for a quintal of onions in Pune's Market Yard was Rs 5,800, at the largest onion trading market of Lasalgaon, it crossed Rs 5,600.
P K Gupta, joint director of Nashik-based National Horticulture Research and Development Foundation (NHRDF), said the selling price on Monday was the highest recorded in the last one year.
Jaydutt Holkar, president of the Lasalgaon APMC, attributed the rise in price to the drastic fall in supplies. He said while the market, on an average, gets 20,000 quintal onions per day, for the past few days only 7,000-8,000 quintal has been coming to the market. "This shortfall in supply has pushed the prices. Due to rains in Andhra Pradesh and northern Karnataka, harvesting of onions got delayed and that resulted in short supply," he said.
On Monday, the Pune market saw just 6,372 quintal onions being supplied compared to 10,996 quintal on the same date last year. Last year, the price of onions was
Rs 750 per quintal compared to Rs 5,800 per quintal on Monday.
BS Dighe, a wholeseller from the market, said the retail sellers are selling at Rs 70-80 per kg in various parts of the city.
About the state of onion trade, Gupta said although imported onions have started reaching Indian markets, the chances of prices going down soon are remote. "On Monday, around 300-400 tonnes of Egyptian onions arrived at the Mumbai port and they would be available in the markets within a day or two. Also, six trucks of onions from Pakistan have reached Delhi, but the local markets have a problem with the quality," he said.

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