Onion prices likely to soar as arrivals decline

Onion selling prices are possible to soar as the period of pink onion will come to an finish and the arrival of summer onion in the current market is gradual.

Arrivals of the bulb crop to Asia’s most significant onion current market, Lasalgaon, is pretty much halved. From an typical everyday influx of 22,000-twenty five,000 quintals, it has come down to 11,978 quintals on Monday. The modal cost is hovering all-around ₹3,500 for every quintal compared to ₹2,651 in January-finish. The typical retail amount in the big Maharashtra markets is about ₹50-sixty for every kg.

“Unseasonal rains have damaged onions. Several onion escalating parts witnessed major rains in January next 7 days and farmers experienced losses. Having said that, there is superior availability of onion this period and the shortage will not proceed beyond fifteen-20 days,” Bharat Dighole, President of the Maharashtra State Onion Growers’ Association, advised BusinessLine.

According to farmers and traders, late kharif create is coming to the current market and this stock will finish quickly. The situation will continue to be the similar until new summer crop hits the current market in two-3weeks.

Some farmers say that unavailability of seeds during sowing period in December has afflicted the generation.

In October final yr, the typical onion cost at Lasalgaon experienced touched ₹5,000 for every quintal as the supply of superior good quality onion dipped. Having said that, considering the fact that then selling prices declined with the Centre’s intervention to import onion and ban export. The modal cost of pink onion was ₹1,800 in Lasalgaon in December, even though that of summer onion experienced dropped to ₹1,four hundred for every quintal.

Indian onions has two crop cycles, initial harvesting starts in November to January and the next harvesting from January to Could.

No big export

The Central government lifted the export ban on all types of onions with outcome from January one, 2021.

“However, exports has not attained momentum. There is superior demand for onion in the domestic current market and as a result traders are keen to provide the create listed here. Also, the unseasonal rains have afflicted the good quality of onions,” said Nitin Jain, a Nashik-dependent trader.

He extra that Indian onion has demand in the world current market but as domestic demand is on the rise, traders would want regional markets over worldwide markets.

According to Apeda facts in between April and November 2020-21 India exported over thirteen,ten,680.80 tonnes of the bulb worthy of ₹2,138 crore.