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Wholesale prices of onion on Friday fell by up to Rs 7.50 a kg at Lasalgaon and Pimpalgaon in Nashik district of Maharashtra, a major producing region.
At Lasalgaon, the wholesale rates fell to Rs 3,551 a quintal from yesterday’s Rs 4,299 a quintal on higher supply.
The arrivals at Lasalgaon increased to 10,000 quintal from 9,230 quintal, according to the data of National Horticulture Research and Development Foundation.
The prices at Pimpalgaon, another key trading centre for onion, declined to Rs 4,200 per quintal from yesterday’s Rs 4,511/quintal even though the daily arrivals dropped to 5,000 quintal from 7,006 quintal.
On December 20 last year, wholesale rates of onions had shot up to nearly Rs 6,300 a quintal at both Lasalgoan and Pimpalgaon.
Since then, the prices have declined mainly due to the government’s decision to ban exports and scrap import duty.
Onion prices had surged to Rs 70-85 a kg in the major cities across India due to damage of crops in Maharashtra because of rains.
Maharashtra and Karnataka accounts for about 40 per cent of the country’s total production of 12 million tonnes.
At Delhi’s Azadpur mandi, the Asia’s biggest wholesale market, prices softened by Rs 2 a kg because of increased arrivals from Gujarat.
“Out of 1,100 tonnes of arrival, 500 tonnes were from Gujarat,” Tomato and Onion Merchant Association General Secretary Mr Rajendra Sharma said.
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