Onion prices rise marginally in key Indian cities
During the last week, onion prices have risen marginally in key Indian cities due to an estimated smaller 2017-18 crop and a current slowdown in market supply. However, senior government officials say authorities are keeping a watch on traders.
Indian production of onions is expected to decline by 4.5% to 21.4 million tonnes in 2017-18 against the previous year’s 22.4 million tonne, according to estimates of the Ministry for Agriculture.
The hindustantimes.com was told that overall, the output of horticulture crops — vegetables and fruits — is forecast to go up to a record 305.4 million tonnes in 2017-18, 1.6% higher than the previous year. Potato production will likely be 49.3 million tonnes and tomato output is also estimated to be up 7.7%, at 22.3 million tonnes However, the onion output is set to drop.
Publication date: 1/12/2018
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