Onion prices plunge on bumper harvest in Maharashtra
Commodity Online | February 14 2019
UPDATED 15:53:21 IST

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Onion prices in Maharashtra are crashing down following a bumper arrival of early kharif Onions.

Extensive cultivation, coupled with high-yielding Onion seeds, had led to a surplus of the bulb in Maharashtra. Earlier, farmers would get about 100-150 quintals per acre, but now the yield has risen to 250-300 quintals.

Arrivals are said to be three times larger than they were last year. By end of trading on Wednesday, the price fell as low as Rs 200 a quintal and the modal price to Rs 430 a quintal.

At the Lasalgaon wholesale market, which serves as the benchmark for Onion prices across the country, prices have ranged between Rs 200 and Rs 500 a quintal over the past month.

Traders earlier hoped that the market would stabilise by mid-January after the massive firesale of stored Onions. The Rangda Onion, which gets planted by October and is harvested in 100 days, has also arrived in large quantities.

 

Commodity Arrivals Rate
Mustard Oil 29.85 9045.00
Coconut Oil 2 17400.00
Arecanut 4.5 2400.00
Sugar 0.5 4000.00

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