The Centre's announcement on onion export did not affect the average wholesale price of onions in Nashik district mandis. Prices remained stable between Rs 1,350 and Rs 1,400 per quintal. Read more for insights on onion prices and exports.
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.
India News: NASHIK: Onion traders in Nashik called off their 13-day-old strike on Monday evening following a meeting with Nashik guardian minister Dada Bhuse.