New Delhi: Onion prices rose more than twice Thursday to 25 rupees per kilo at Lasalgaon in Maharasthra, Asia’s biggest bulb harvesting wholesale market, due to the low supply of old stocks and the likely fall in prices. New harvest kharif.
Maximum prices for wholesale onion were 9.20 rupees / kg in the same period last year, according to data maintained by a government research body, the NHRDF.
Lasalgaon sets the price trend for other mandis throughout India.
Already, retail rates have risen in the national capital, ruling in the range of Rs 30-35 per kilogram on Thursday.
The director of Nasik’s National Horticultural Research and Development Foundation (NHRDF), P K Gupta, said: “There is a tight supply situation.”
Existing demand is being met through the old rabi populations, which have begun to deplete, due to Madhya Pradesh’s limited exports and supplies in view of the purchase of state government, he said.
In addition, the new harvest of the kharif season of 2017-18 is also expected to be lower, as the surface is observed 30-40 percent in the states, especially in Karnataka, Andhra Pradesh and Maharashtra due to less rainfall And late, in addition to the low prices At the time of planting.
The arrival of the early kharif harvest has begun in Andhra Pradesh. However, the arrival of the kharif crop would begin in September. Until then, the pressure on availability and prices would continue, added agro-exporters.
About 30-40 percent of the country’s total production comes from the Kharif season and the rest of the rabi season.
