Onion wholesale prices fall

NASHIK, January 14: Wholesale prices of onions have started falling at the country's biggest onion market yard at Lasalgaon, after the arriv...

NASHIK, January 14: Wholesale prices of onions have started falling at the country’s biggest onion market yard at Lasalgaon, after the arrival of fresh stocks of the late kharif crop of "rangda" variety.

The best quality onions had fetched an unprecedented price of Rs 1,751 per quintal at Lasalgaon on December 30, 1997. But now, the prices have started falling and today onions were being sold at Rs 1,235 per quintal.

A spokesman of the Lasalgaon Agricultural Produce Marketing Committee said that prices at the market yard today ranged from Rs 201 to Rs 1,235, depending on the quality of the crop, the average price being Rs 751 per quintal.

Lasalgaon APMC chairman Kalyanrao Patil said that 70 per cent of the kharif output had been lost in rains, reducing the yield from 50 to 70 quintals per acre to a mere 15 to 20 quintals per acre.

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