AgroStar Krishi Gyaan
15 Mar 20, 01:00 PM
Krishi VaartaKrishi Jaagran
Onion, Tomato Prices to Decrease by 15%
New Delhi: With the arrival of fresh crops, the sale price of onion, tomatoes and potatoes is expected to fall by 10%-15% over the next few days.
In April, wholesale onion prices are forecast to decline from the current level of Rs 1,750 per quintal in Lasalgaon to Rs 900-1,400, said Bhaskar Natarajan, Chief Executive Officer of Agribusiness Research and information firm, Agriwatch. It will also reduce retail costs, he added.
Onion wholesale prices in Azadpur mandi have dropped by 16 percent over the last month, while tomato prices have fallen by 30 percent, Natarajan said. Nevertheless, the prices of potatoes have risen by about 20% in the last month in Azadpur, with unseasonal rains during the growing season causing sporadic crop damage in major growing countries.
Moti Lal of PM Onion trade firm Azadpur mandi said onion prices are likely to decline by the end of the month as the harvest season is at its height in Maharashtra, Gujarat, MP and Rajasthan. The start of nine-day fasting for Navratri on March 25 can also be due to weak demand and declining rates, he added.
Source: Krishi Jagran, 12 March 2020
Did you find this update useful? If yes, then Like and Share with all your farmer friends!