Poor demand has resulted in a lower onion price, especially for Bellary onions, in the Tiruchi wholesale market during the lockdown.
The price of the Bellary onions, which sky-rocketed in the last few months of 2019 forcing the Centre to import them, is now at ₹15 a kg, even for the top export quality ones. The price of the onions start at ₹7 a kg at the Tiruchi All Perishables Commission Mandis Commercial Complex, which caters to Tiruchi and several neighbouring districts.
The price of Bellary onions had breached the ₹150 mark in December last year and as arrivals from Maharashtra and Karnataka came down to a trickle, many traders here started purchasing onions imported from Egypt and Turkey. However, the price of the onions started coming down steadily in January and came down to ₹25 a kg in February.
“Over the past three months, the price has ruled steady in the range of ₹7-15 a kg. Sales has come down by 50% as there are no festivals and domestic functions are few and far between with restricted number of participants. Besides, people have also curtailed their purchases in view of the cash crunch,” observed A.Thangaraj,general secretary, Tiruchi Onion Commission Mandi Traders’ Association.
The market gets about 250 to 300 tonnes of Bellary onions a day now and about 100-150 tonnes of small onions, which stand at ₹20-40 a kg, depending on the quality.
[ ₹100 = €1.20 ]