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India: Traders to boycott onion auctions from Monday

While onion prices are crashing after fresh arrivals of Kharif crop, traders in the wholesale markets in Nashik have decided to boycott auctions indefinitely from Monday. The traders are agitated over the state government's move to recover 35% levy (on things like weighment charges, handling, etc) from them. Earlier, traders who used to buy onions from farmers in the wholesale markets, used to recover the levy from the farmers.

While the matter is pending in court, the district collector issued a directive on January 2 to tehsildars to recover the levy from traders or confiscate their properties.

Annoyed with the directive, the traders have declared that they would not participate in the auctions from Monday. Nashik district traders' association chief, Sohanlal Bhandari, told reporters that the association had submitted a memorandum to tehsildars on the issue.

Source: timesofindia.indiatimes.com