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Onion production decline due to lower acreage in 2017-18
Commodity Online | January 12 2018
UPDATED 12:40:11 IST

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The country's Onion production is estimated to decline by 4.5 per cent to 21.4 million tonnes in the 2017-18 crop year (July-June) due to lower acreage as against 22.4 million tonnes last year, but the total production would be sufficient to meet the domestic requirement.

Retail Onion price have risen to Rs.50-60/kg in some parts of the country but the government consider it is a temporary phase and the rates will cool down by the month-end with improved arrival of the kharif crop.

Onion is being sold at over Rs.50/kg in the national capital, Mumbai and Kolkata, respectively. In Chennai, the price is ruling at Rs.45/kg, as per the official data. A similar trend prevails in small cities as well.

The arrival of the Kharif Onion is less at present and therefore prices are under pressure. The arrivals are expected to improve by end of the month and the prices will accordingly get corrected.

 

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