Business Standard

Onion wholesale prices ease by Rs 9/kg at Lasalgaon

Related News

fell by Rs 9 to Rs 41 per kg today in the wholesale market of Lasalgaon, in Nashik district of Maharashtra, on the back of increased arrivals of the commodity. 

According to data from the National Horticulture Research and Development Foundation, wholesale onion rates in Lasalgaon dipped to Rs 41/kg today from Rs 50/kg on December 31.

This was facilitated by an upsurge in arrivals to 17,640 quintals today, compared to 8,040 quintals on December 31.

However, wholesale prices at Pimpalgaon, another key market in Nashik district, remained stable at Rs 43 per kg.

and Karnataka are the major onion-producing states in the country, accounting for 40 per cent of the average annual output of 12 million tonnes.    

Meanwhile, in Delhi's Azadpur mandi -- Asia's biggest wholesale market for fruits and vegetables -- the prices of best-quality onions rose by Rs 2 per kg to Rs 45 per kg.     

"Supply was less due to fog, therefore the prices increased marginally to Rs 45 a kg," Tomato and Onion Merchant Association General Secretary Rajendra Sharma said.   

Around 800 tonnes of onions made their way into Azadpur mandi today, of which 60-70 tonnes were imported onions from Pakistan.     

Sharma noted that wholesale prices in the national capital would remain firm till January 14. "After Lohri, the arrivals would pick up from Gujarat and Maharashtra," he said.     

Retail prices of onion had surged to Rs 70-85 per kg on December 20-21 in major cities across the country after abnormal rainfall damaged crops in Maharashtra.     

The government had banned exports and removed import duty on onions to boost domestic supply and curb rising prices.

In addition, it asked state-owned trading agencies MMTC, STC and to import onions.

Read more on:   
|
|
|
|

Read More

Cotton yarn exports to touch record high in FY13

This financial year, cotton yarn exports are expected to touch an all-time high, owing to good demand from China. Textile Commissioner A B Joshi said ...

Quick Links

 

Market News

Lacklustre listing for Shemaroo Entertainment

Shares close near issue price on debut after rising 6%

FMC Chairman Ramesh Abhishek may get extension

The government might give the current Forward Markets Commission chairman, Ramesh Abhishek, another extension of three months as the ...

Recovery process gathers momentum at NSEL

MPID Court directs asset sale of NSEL defaulter Metkore worth around Rs. 95 crore

Trading volume declines ahead of holidays

Indian market will remain shut between Oct 2 and Oct 6 on account of holidays and will re-open on Oct 7

Videocon d2h files fresh papers for Rs 700-cr IPO

Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed fresh papers with the Securities and Exchange Board of India ...

Back to Top