While wholesale prices of onions in the Pune APMC market have stumbled this week,it has failed to bring any respite to the consumers as the retailers continue to sell it at a higher rates. Although the the effect on the wholesale prices at Pune and several other important markets should have trickled down to the retail stores,the retail price of the bulbous vegetable have refused to come down.
According to wholesalers,the retailers are taking undue the advantage of the recent hype around the high prices of onion. Consumers dont know that the prices have come down and they continue to buy the onions at a higher rate, said wholesalers from the Pune Agriculture Produce Marketing Committee (APMC).
According to data available with the Pune APMC,the average per kilo rate of onion is Rs 32 to Rs 35. About a week ago,the rate of a kg onion was Rs 48 to Rs 53 while it was being sold in retail at Rs 60 to Rs 80 a kilo.
The retail price on Wednesday was Rs 60 per kg. At retail chain stores such as Food Bazaar,Reliance Fresh and HiperCity the retail price was Rs 55. Two weeks ago,the onion price touched Rs 80 a kg,highest after 1998. Following hue and cry in the media,the government allowed the import of the vegetable from China and Pakistan,which apparently brought down the prices.
At Lasalgaon,from August 10 to 15,the wholesale price of commodity was Rs 45 to Rs 47 per kg,which now has come down to Rs 32 to 33 per kg. The prices have stumbled in all the markets,including Pune,Mumbai,Delhi and Kolkata, said Balasaheb Darade,a trader from Lasalgaon.
According to Shivlal Bhosale,president of traders union at APMC,there is no government control on the retailers. Ideally,in Pune city,the price on a vegetable should be Rs 4-5 higher than the wholesaler prices at Pune APMC market. But now it is Rs 25 to Rs 30 higher than the wholesale price, said Bhosale. He said the wholesale prices would remain stable for about a month after which it will come down with onset of harvesting of Kharif crops.