Farmers produced more potatoes, tomatoes and fruits in FY2022-23, as per the agriculture ministry’s third advance estimates. Onion output, however, declined
Following a government ban on onion exports, wholesale prices plummeted by 50%. With kharif onion arrivals increasing, prices at Lasalgaon AMPC dropped from Rs 39-40/kg to Rs 20-21/kg. Farmers hope for a reversal akin to the ethanol diversion decision. The ban triggered immediate price drops, though demand might stabilize prices temporarily. Arrival rates surpass expectations, notably at Lasalgaon, with good quality despite hailstorm impacts. The market anticipates stable or slightly decreasing prices in the coming weeks.
The Union agriculture department has written to state governments to increase cultivation of onion in non-traditional as well as irrigated areas to make up for production shortages of the crop during the monsoons
Last week, the government banned onion exports till March next year after retail price crossed Rs 80 in several markets to put a lid on the sharp price rise of the vegetable.