2 hrs ago
Onion Prices Reach ₹5,100 at Lasalgaon, But Stocks Remain Limited
Onion prices went up at the Lasalgaon market on Wednesday.
The highest price was ₹5,100 for one quintal of summer onions.
The average price was ₹4,500 per quintal.
This rise could help farmers recover some money they lost earlier.
However, many farmers had already sold most of their onions when prices were low.
They sold because they needed money and feared the onions would spoil in storage.
Weather has also affected the quality of some onions.
Because fewer good onions are now available, not all farmers can benefit greatly from the higher prices.
Summer onions reached a maximum of ₹5,100 per quintal at Lasalgaon APMC on Wednesday.
The market received 8,548 quintals, with 689 lots auctioned.
Prices ranged from ₹1,100 to ₹5,100 per quintal, averaging ₹4,500.
Many farmers had already sold onions cheaply because of financial pressure and storage concerns.
Limited stocks, weather-related quality problems and lower good-quality arrivals may restrict farmers’ gains.
- Who
- Onion farmers and traders at the Lasalgaon Agricultural Produce Market Committee.
- What
- Summer onion prices reached ₹5,100 per quintal, while the average price was ₹4,500.
- Where
- Lasalgaon Agricultural Produce Market Committee in Nashik.
- When
- Wednesday; the article does not provide a calendar date.
- Why
- Limited arrivals of good-quality onions are supporting prices, while weather has affected onion quality and many farmers previously sold their stocks at low prices.
Key facts
- Maximum price
- ₹5,100 per quintal
- Minimum price
- ₹1,100 per quintal
- Average price
- ₹4,500 per quintal
- Market arrivals
- 8,548 quintals of summer onions
- Auctioned lots
- 689 lots, including 538 good-quality and 151 lower-quality or damaged lots
- Farmers’ constraint
- Many farmers have limited good-quality stocks remaining
- Earlier market conditions
- Farmers sold onions at low prices because of financial pressures and storage concerns
Sources
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