Indian summer onion wholesale prices crash to 2 year low

The lack of demand for summer onions has led to drop in average wholesale onion prices at Lasalgaon. The average wholesale onion price was recorded at ₹160 (€2.00) per 100 kgs on Thursday, against ₹150 (€1.88) per 100 kgs on December 3, 2016.

The minimum and maximum wholesale onion prices were recorded at ₹100 and ₹235 per 100 kgs, respectively on Thursday. In the retail markets of Nashik city, summer onions were sold at ₹10-12 per kg, while fresh kharif onions were sold at the price range from ₹ 15-20 per kg.

Although the price of summer onions continued to crash, the average wholesale prices of fresh kharif onions had increased by ₹200 per 100 kgs — from ₹700 on December 28 to ₹931 per 100 kgs on Monday. But the average wholesale onion prices have again dropped by ₹220 per 100 kgs in the past three days to ₹710 per 100 kgs on Thursday.

The minimum and maximum wholesale price of new kharif onions were recorded at ₹ 300 and ₹898 per 100 kgs respectively on Thursday.

Last year, the average wholesale price of summer onions was recorded at ₹951 per 100 kgs at Lasalgaon on the last working day before Diwali vacation on November 1. Thereafter, the Lasalgaon APMC remained closed for 10 days till November 11.

According to¸ the arrivals of fresh kharif onions began after the market reopened after Diwali. The prices of summer onions crashed as the arrivals of fresh kharif onions started increasing gradually every day.

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