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Onion prices ruled stable this week in key terminal markets on higher arrivals. However, the modal price or the rates at which most trades took place tended to rise in the last two days.
“Prices were more or less stable since arrivals improved. Quality onions commanded a price between Rs 25 and Rs 35 a kg in Nashik,” said Mr Rupes Jaju, Director of Nashik-based United Pacific Agro Pvt Ltd.
In Lasalgaon, arrivals topped 1,000 tonnes on Monday and Friday, while they were close to that margin on Thursday.
In Gondal near Rajkot in Gujarat, onions were quoted at Rs 300-600 for a maund of 20 kg. “Arrivals are improving and the quality of onions that are coming to the market is also better,” said Mr Mahesh Patodia, a trader. Still, quality onions that have longer shelf life attracted the maximum price.
Meanwhile, white onions that used for manufacturing powder used in seasoning have begun to arrive in Gujarat markets.
“They are ruling between Rs 300 and Rs 400 a maund, while their quality is good,” said Mr Patodia.
Onion prices are expected to rule around these levels for the next couple of weeks. The arrivals are projected to be around current levels as also demand. In Hyderabad, quality onions commanded nearly Rs 3,300 a quintal, while second sorts were quoted at Rs 2,200 a quintal.
The second sorts are ones that do not have a larger shelf life.
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