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Onion export | Ban on onion exports lifted, Modi government assures prices will remain stable

Onion export | Ban on onion exports lifted, Modi government assures prices will remain stable
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Ban on onion based on wrong data, says Maharashtra agri costs body chief

Ban on onion based on wrong data, says Maharashtra agri costs body chief
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Now, growers flock to store their onion to cash in during lean arrivals season

Now, growers flock to store their onion to cash in during lean arrivals season April 05, 2021 Prices drop below ₹900/quintal; export demand yet to pick up Onion growers in Maharashtra have booked warehouses and storages well in advance this year to store the bulb even as its prices have slipped further to below ₹900 a quintal. “Onion prices have dropped sharply from the highs seen in February. Rabi onions are expected to arrive from April 15 onwards. By now itself, onion farmers have booked spaces in warehouses to store the bulb,” said Agri Commodities Exporters Association (ACEA) President M Madan Prakash. Onion prices, which had zoomed to ₹4,000 a quintal in the third week of February this year, have nosedived to below ₹900. According to Ministry of Agriculture and Farmers’ Welfare data, modal price of red onion, usually harvested during early and late Kharif season, is currently ₹850/quintal at Lasalgaon, Asia’s largest market for the bulb.

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