Afghan imports bring down onion price in wholesale markets

Image
Press Trust of India New Delhi
Last Updated : Sep 20 2013 | 9:21 PM IST
Retail prices of onion are likely to soften soon as wholesale rates came down today by Rs 10 per kg with the edible bulb imported from Afghanistan arriving in markets.
Prices of the kitchen staple declined a day after the government hiked the minimum export price (MEP) of onions to USD 900 per tonne.
Food and Consumer Affairs Minister K V Thomas said Maharshatra Chief Minister Prithviraj Chavan has offered onions to the Delhi government on a priority basis to bring down the prices in the national capital.
"With the additional arrival of onions from Afghanistan, prices today fell by Rs 10 per kg to Rs 50 per kg in the whole sale market," Onion Merchant Traders Association President Surendra Budhiraj said.
Traders also attributed the fall in wholesale onion prices to decline in prices in Lasalgaon Mandi in Nashik, which sets the price trend across the country.
Around 25 trucks carrying 1,500- 2,000 quintals of onions have arrived at the Azadpur Mandi from Afghanistan, traders said.
Punjab-based traders have started importing onion from Afghanistan through Attari-Wagah land route in Amritsar. While 400 tonnes of onion came from Afghanistan yesterday, traders said about 2,000 more tonnes of the vegetable will come in from that country in the next 7-10 days.
Mother Dairy outlets in the city, which are selling onions at around Rs 60 per kg, is contemplating to reduce the prices from tomorrow after the fall in the prices at wholesale market, an official said.
When asked about high onion price, Information and Broadcasting Minister Manish Tewari said: "There is a seasonal movement in onion prices. However, expectations are that prices will settle down in a week or so on improved supplies."
Yesterday, the government had hiked the minimum export price (MEP) of onion to USD 900 per tonnes from USD 650 per tonne to cutb outward shipment.
According to National Horticultural Research and Development Foundation (NHRDF) data, prices of the politically sensitive commodity at Lasalgaon in Nashik, decreased by Rs 10 per kg to Rs 47 per kg today.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 20 2013 | 9:21 PM IST

Next Story