Lasalgaon APMC: Average wholesale price of onions up 37% in one week

In the past week, at Lasalgaon APMC, the average wholesale price of onions increased by 37%, as supply could not keep pace with the demand. The auction was stopped at all APMCs in Nashik was halted for 11 days — from May 13 to May 23 — due to severe restrictions imposed by the district authorities for breaking the chain of Covid-19 infection.

The auction resumed at Lasalgaon APMC from May 24, but only 500 trucks of onions were sold instead of over 1,500 vehicles before the restrictions. The daily arrivals of onions reduced by around 50% at Lasalgaon due to APMC’s decision to have limited auction of onions. This also led to a rise in the average wholesale price of onions.

Source: timesofindia.indiatimes.com


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