Govt’s decision to continue import results in drop of onion prices
December 19, 2020
In some parts, the retail price of onion has come down to ₹15-20 kg
The Centre’s decision to extend relaxation norms for onion imports till January 31 has a spiralling effect on the onion market. The onion prices at Lasalgaon, Asia’s biggest wholesale onion market are depleting fast and farmers are in agitation mode.
In October this year, the average onion price at Lasalgaon had touched ₹5,000 per quintal as the supply of good quality onion dipped. However, since then prices have dipped with the centre’s intervention to import onion and ban export. The model price of red onion was ₹1,800 per quintal in Lasalgaon on Friday while the price of summer onion dropped to ₹1,400 per quintal.