Commodities

Traders stay away from onion auctions at Lasalgaon

Our Bureau Pune | Updated on October 26, 2020 Published on October 26, 2020

Around 15,000- 30,000 tonnes of onions are traded daily at the Lasalgaon market   -  BL

Traders protest against Centre’s decision to impose stock limits

Onion auctions at Lasalgaon Agriculture Produce Market Committee (APMC) have come to a standstill as traders refused to participate, denouncing the Centre’s decision to impose stock limits of 25 tonnes on wholesalers and two tonnes on retailers till December 31 to control the soaring price of the bulb crop.

APMC officials told BusinessLine there was no auction and trading at Asia’s biggest onion market and a few other markets in Nashik district.

According to the APMC, traders refused to participate in the auction and the farmers turned their back to the market.

Majormarket

Around 15,000-30,000 tonnes of onions are traded daily at the market from where the supplies are sent across the country.

Onion prices at Lasalgaon have a direct impact on retail and wholesale markets across the country.

Traders claimed that they had not boycotted the auction but were trying to sell the stock which they had already purchased. Onion trader Sohanlal Bhandari said, “The Centre has put restrictions on the stock. There are no clear guidelines and hence we are trying to clear the stock before purchasing new ones”. He said the retail prices will not be affected because of traders staying away from the auction. “Other onion markets in Maharashtra are operational and traders are participating in the auction,” he added.

‘Blame game’

Bharat Dighole, President, Maharashtra State Onion Growers’ Association, said the APMC and traders are playing a blame game and this is affecting the farmers.

“We strongly oppose any boycott of onion auctions. Diwali is nearing and farmers are bringing their produce stored since April –May to the market hoping to get good returns before the festival. Politicians in the APMC and traders are in a tug-of-war and this is the direct impact of the clashes between the State and the Centre,” said Dighole.

He added that the State and Centre were trying to blame each other for the onion crisis.

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Published on October 26, 2020
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