In other key onion producing districts like Pune, Ahemadnagar and Solapur, mandis prices are currently around Rs 1,800 – 1,900 per quintal.
Despite reports of plummeting onion prices in major markets, the government is taking a cautious approach and taking no immediate steps to lift the export ban imposed on the key vegetable. booked last month.
Official sources said there was a recent assessment of the domestic onion supply situation and there was a consensus that lifting the ban on onion exports was not feasible under the current circumstances.
“We are closely assessing the supply situation and onion prices,” an official said. With the arrival of kharif crop, mandi prices in Lasalgaon, Nasik, Maharashtra, the country’s wholesale trade hub, fell to Rs 1,500-1,800 per quintal on Thursday, from around Rs 3,700 to Rs 4,000 per quintal. before. prior to the imposition of the shipping ban announced from December 7 to March 31, 2024. In other key onion producing districts like Pune, Ahemadnagar and Solapur, mandis prices are currently around Rs 1,800 – 1,900 per quintal. A trader said that due to the high humidity of the kharif onion crop, it cannot be preserved, and the quantity of goods arriving is increasing, causing prices to decrease.
Farmers and traders are demanding that the export ban be lifted so that prices do not fall.
“Mandi prices have come down sharply and the current price is below the cost of production for farmers,” said Balasaheb Misal, former director of the Mandi Board of Manmard (Maharashtra) and an onion grower.
According to the ministry, the modal retail price of onions fell by 33 per cent to Rs 40 per kg on Thursday, compared to Rs 60 per kg on December 8 when the export ban was announced.
Retail onion inflation rose 86.46% in November as retail prices in some cities touched Rs 90 per kg last month due to delayed kharif harvest and unusual rains affecting the crop planning in Maharashtra and Karnataka. Onion inflation, which has been negative since September 2021, reached 23.18% in August. In February 2020, onion inflation reached 140% year-on-year.
Government agencies – Nafed Agricultural Cooperatives and India’s National Consumer Cooperative Federation (NCCF) have so far procured 20,000 tonnes of kharif onions against the target of 0.2 million tonnes (MT) further The government’s decision to increase the buffer stock target to 0.7 million tons continues. from 0.5 mt for the current financial year.
The estimated onion production in 2022-23 (July-June) is around 31.8 MT as against 31.7 MT reported in the previous year.
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