October 11, 2016 2:03:19 am
Onion prices at the Lasalgaon wholesale market has seen a slight rise which traders attribute to the dip in arrival of the bulb in the market. Nanasaheb Patil, director of the Lasalgaon market said the price trend will continue for some more time.
In the last few months, increased arrival has had its effect on price of onions with Lasalgaon market last month recording the lowest price since 10 years. The average price ranged between Rs 3.10 and Rs 4 per kg, which led to distress among farmers.
Throughout the year, onion prices remained subdued leading to the state government’s announcement of a subsidy of Rs 1 per kg. The subsidy was to be given to farmers, who sold onion at Lasalgaon market, between July and August. However, the subsidy is yet to reach farmers though the subsidy is to reach the accounts of farmers.
The Lasalgaon market Monday had seen a modal price, the price at which majority of trade had taken place, of Rs 500. Monday saw arrival of 14,500 quintals of onion. Patil, asked about the increase in price, said it was due to relatively lesser arrival of the produce compared to the last few days.
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