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Following a government ban on onion exports, wholesale prices plummeted by 50%. With kharif onion arrivals increasing, prices at Lasalgaon AMPC dropped from Rs 39-40/kg to Rs 20-21/kg. Farmers hope for a reversal akin to the ethanol diversion decision. The ban triggered immediate price drops, though demand might stabilize prices temporarily. Arrival rates surpass expectations, notably at Lasalgaon, with good quality despite hailstorm impacts. The market anticipates stable or slightly decreasing prices in the coming weeks. ....
Onions are currently being offered in the National Capital Region (NCR) for between Rs 50 and Rs 60 per kilogram in a variety of shops, including online grocery stores. ....
According to senior trade sources, the sowing of kharif onions in the southern states of Karnataka and Andhra Pradesh was low as farmers incurred losses in the last two years. Below normal rainfall in these states has further reduced the onion production. The country will now get its next new harvest of kharif onions from Alwar in Rajastan. ....
In the National Capital Region (NCR), onions are now being sold at Rs 50-60 per kilogram in various markets, including online grocery stores, marking a substantial hike from prices observed just two weeks ago. ....