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Onion price may stay high till Jan

Pune: Mandis or government regulated markets in Maharashtra will stay open daily to ensure continuous supply of onions as the price of the staple is expected to stay high over the next five weeks or so owing to a variety of factors.

The marketing department of the state government has cancelled all the government and public holidays of agricultural produce marketing committees (APMCs) till the situation improves.

Onion prices have risen to Rs 130 per kg in some markets because supply has almost halved compared to that a year ago, stored stock of the bulb has been consumed and the new crop has been delayed and damaged due to a prolonged rainy season.

Sunil Pawar, managing director, Maharashtra State Agricultural Marketing Board said the total onion arrivals in Maharashtra in October and November were down 50% year-on-year. “Though the arrival of red onion of the kharif season has started, its volumes are less due to delayed sowing of kharif crop and reduction in its area,” he said.

The total onion arrivals in Maharashtra’s markets in November were the lowest in the past five years, at 2.45 million quintals compared to 4.13 million quintals a year ago. In October, 2.5 million quintal onions arrived in the markets, down from 5.1 million quintals last year.

Central government officials held a video conference with Maharashtra government officials to get updates on the ground situation.

Source: Economic Times