Nashik: Arrival of onions increases at Lasalgaon

NASHIK: The volume of onions arriving at the Lasalgaon APMC — India’s largest wholesale onion market — increased on Monday ahead of the two-day Gudi Padwa holiday.
Auction of around 20,000 quintal of onions was held on Monday. Currently, the onions arriving in the market are both late kharif produce and summer onions.
Summer onions are fetching higher price compared to late kharif onions.But arrival of summer onions is 20% of the total supply at the APMC.
The average wholesale onion price of late kharif onions at Lasalgaon was recorded at Rs 1,100 per quintal on Monday. The minimum and maximum wholesale prices of late kharif onions were recorded at Rs 500 and 1,434 per quintal, respectively.
The average wholesale price for summer onions was recorded at Rs 1,250 per quintal with minimum and maximum prices being recorded at Rs 800 and Rs 1,461 per quintal, respectively. According to an APMC official, the onion auction will continue as it is included in the list of essential commodity. “But there has been a rise in arrival of onions as the market will remain closed on Tuesday and Wednesday owing to Gudi Padwa.
The average wholesale onion price has dropped from Rs 1,750 per quintal around a week ago to Rs 1,100 per quintal so far. The drop in demand in both domestic as well as international markets has overall led to drop in average wholesale onion prices, said APMC officials.