Nashik : People will no more have to shed tears for eating onions. The prices of onion dropped after spiralling to Rs 80 per kg retail prices last month. The prices on Friday, on average, were approximately Rs 25 per kg in most Agriculture Produce Market committees (APMC) in Nashik district.
During mid November, onion prices had touched nearly Rs 40 per kg in wholesale while it retailed for Rs 80 per kg. Lasalgaon APMC chairman Jaydatt Holkar said on Saturday that, prices were average Rs 25 per kg. “These prices is okay with farmers and affordable to consumers. We now have the new onion harvest continuing and prices will remain stable,” he said.
The reasons for the slide of onion prices have been due to two factors – two varieties of onion are being harvested continuously, flooding the markets, and export curbs on onion.
The harvest of early kharif onion called as ‘lal’ is continuing and now harvest of late kharif onion called ‘rangda’ too has started harvesting and will continue till March. From March onwards, the ‘unhal’ variety of onion will be harvested. Nashik is the only region which takes three
onion crops in an agriculture year.
When prices continued to be high during November, the Central Government for the first time imposed Minimum Export Price (MEP) of USD 850/ton on onion. Exporters have to sell at MEP rates abroad and it indirectly but effectively curbs exports.
Nov-Dec onion prices comparative chart