Wholesale onion prices spike on low supplies

4 days ago 17

Retail bulb prices person gone up to `50 per kg arsenic against earlier prices of Rs 35-40 per kg successful large cities similar Delhi and Mumbai owed to harvest damages caused by dense rainfall.

Average wholesale bulb prices astatine Lasalgaon, the country’s largest wholesale bulb market, crossed the `3,800 per quintal people for the archetypal clip this season, the highest successful the past six months. Retail bulb prices person gone up to `50 per kg arsenic against earlier prices of Rs 35-40 per kg successful large cities similar Delhi and Mumbai owed to harvest damages caused by dense rainfall.

Narendra Wadhavane, secretary, Lasalgaon Agriculture Produce Market Committee (APMC) attributed the emergence to the driblet successful supplies owed to the incessant rains that had deed respective states successful the past fortnight. On Wednesday, mean wholesale prices astatine Lasalgaon touched Rs 3,700 per quintal and were `3,800 per quintal connected Tuesday. Last month, prices were successful the scope of Rs 1,450 per quintal aforesaid time.

“The aboriginal Kharif harvest which was to deed the marketplace connected Dusshera has been damaged owed to dense rains and the summertime bulb banal has been some exhausted and damaged owed to rains. It is not imaginable for farmers to sojourn the fields which are inactive successful h2o owed to the rains and truthful the arrivals person dropped to immoderate 5,400 per quintals connected a regular ground from 15,000 quintals to 20,000 quintals earlier past month,” Wadhavane said. Prices should stabilise erstwhile the precocious Kharif harvest begins to get successful markets from mid-November, helium said.

PK Gupta, director, National Horticultural Research and Development Foundation (NHRDF) termed this arsenic a impermanent phenomenon. There person been dense rains successful bulb increasing belts of Karnataka, Andhra Pradesh, Gujarat and Rajasthan causing harm to the aboriginal Kharif crop, helium said. However, the country nether bulb cultivation has gone up by astir 25% this play and the precocious Kharif harvest looks bully successful Andhra Pradesh, Karnataka and Telangana. — fe bureau

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