Uncertainty hits onion trade as prices fluctuate in Maharashtra

Wholesale onion selling prices have turned unstable in Maharashtra even soon after the Centre banned

Wholesale onion selling prices have turned unstable in Maharashtra even soon after the Centre banned exports of the bulb on September 14. In some important APMCs onions have touched the pre-ban level of ₹4,000 per quintal, when in other sites it dropped to as lower as ₹1,000.

Even so, for the retail customer there is no respite with selling prices ranging between ₹50 and ₹60 per kg.

Nitin Jain, an onion trader from Lasalgaon APMC, the biggest onion industry in the place, claimed that the industry is coming back to the pre-export days and is getting stabilised.

All the deliver coming to marketplaces are from the warehouses and storage facility. No contemporary harvest is coming to the industry, he claimed.

On other hand, selling prices in Kolhapur APMC on Wednesday had dipped to ₹1,000 per quintal.

Mohan Salpe, Secretary of Kolhapur APMC, claimed that farmers began to protest as the selling prices strike these kinds of lows and traders suspended the investing for some time.