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Now, growers flock to store their onion to cash in during lean arrivals season

Now, growers flock to store their onion to cash in during lean arrivals season
April 05, 2021
Prices drop below ₹900/quintal; export demand yet to pick up
Onion growers in Maharashtra have booked warehouses and storages well in advance this year to store the bulb even as its prices have slipped further to below ₹900 a quintal.
“Onion prices have dropped sharply from the highs seen in February. Rabi onions are expected to arrive from April 15 onwards. By now itself, onion farmers have booked spaces in warehouses to store the bulb,” said Agri Commodities Exporters Association (ACEA) President M Madan Prakash.
Onion prices, which had zoomed to ₹4,000 a quintal in the third week of February this year, have nosedived to below ₹900. According to Ministry of Agriculture and Farmers’ Welfare data, modal price of red onion, usually harvested during early and late Kharif season, is currently ₹850/quintal at Lasalgaon, Asia’s largest market for the bulb ....

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