Krishi VaartaOutlook Agriculture
Decline in Onion Prices by Rs 3,000 per Quintal
New Delhi. Prices of onion have finally started to decline. The prices have dropped by Rs 2,500 to 3,000 per quintal in Delhi's Azadpur market, from 2,500 to 6,000 quintals. In the Gujarat markets, along with Maharashtra, the arrival of late Kharif crop of onion has increased, as its prices are expected to fall further.
Rajendra Sharma, president of the Onion Traders Association, said that prices of late Kharif onions in Maharashtra and Gujarat have increased in the last ten days by around 2,500 to 3,000 rupees per quintal. He informed that onions ' daily arrival will continue to rise, further reducing current prices.
According to the National Horticultural Research and Development Foundation (NHRDF), on January 3, the price of good quality onions in the Lasalgaon market in Maharashtra stood at Rs. 47.90 per kg, with a regular arrival of 20,294 quintals. The market price of onion was Rs. 83.01 per kg on December 24, while the regular arrival was only 12,270 quintals.
Source: Outlook Agriculture, 4 January 2020
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