Onion prices touch a new high
Merchants hope January would bring decline in onion prices
Navi Mumbai: Common buyers were expecting a decline in onion prices with the returning monsoon. But their hopes have been broken with a sudden rise in its price. The Agricultural Produce Market Committee (APMC) in Vashi saw the arrival of 50 trucks of onion from parts of the state. But the merchants found that the onion was wet and the onion prices remain as they were. At present the onion from Maharashtra costs around Rs 70 per kilo. While the retail sellers charge Rs 40 per Kg for the Chinese variety. On the other hand Karnataka-Hubli is priced around Rs 45 to Rs 50. The buyers were expecting that onion prices would fall up to Rs 20 to Rs 25 per kg in the last week of October.
Sachin Jadhav, a farmer said, “Both the wholesale and retail buyers were sure about the decline, observing the period between sowing and harvesting of the crop. But the returning monsoon has changed the entire picture. Though there is an optimum onion produce, the crop is decaying in the returning monsoon. In result, there is a decline in the onion produce in the market,” he said.
Talking with Prahaar, Ashok Karpe who is a wholesale onion merchant, said, “The hopes for decline in onion prices have been shut down. Actually they are going to rise higher. All the hopes are on the onion produce and arrival from Karnataka as the Chinese crop’s arrival is quite irregular. Though the Karnataka grown onion crop is good, it is quite small in size in comparison to other varieties. Onion produce in the state is also wet and we can expect a decline in onion prices only in the month of January,” he said.