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The common wholesale costs of onion at Lasalgaon AMPC is Rs 20-21 per kilogramme, down from Rs 39-40/kg simply earlier than exports had been banned, confirmed market information compiled by the APMC.
The central authorities had first imposed a minimal export worth (MEP) on onion, which was adopted by the choice to impose an entire ban on exports on December 7. Onion costs began falling instantly after the export ban was introduced.
Onion farmers, who’ve been agitating for lifting of the export ban, are hopeful that the federal government might rethink its choice just like the partial revision of the choice to ban diversion of sugarcane juice for ethanol, commerce insiders stated.
“Onion farmers are slowly bringing their crop to the markets as they’re nonetheless hopeful that the central authorities might revoke the ban on onion exports,” stated Ajit Shah, an onion exporter from Mumbai.
Merchants stated the arrival of kharif onion, which is often known as pink onion, has elevated considerably, placing strain on costs. Nevertheless, “good demand for onions throughout the nation…might assist maintain the costs steady for just a few days”, stated Nandkumar Shirke, an onion dealer from Ahmednagar in Maharashtra. On the Lasalgaon APMC, the common worth of pink onion on December 6 was Rs 39.50/kg, whereas the very best worth was Rs 45/kg. These have fallen to Rs 21/kg and Rs 25/kg, respectively, as on Tuesday. Thus, the common worth is down by 47% after the export ban whereas the very best worth is down by 44%.
Onion arrival information from wholesale markets are exhibiting increased arrival of kharif onions than anticipated by the federal government, market insiders stated.
Lasalgaon market, for instance, has seen the arrival of three.66 lakh tonnes of pink onions this month as of December 19, whereas the whole arrival in the entire of December 2022 was 3.69 lakh tonnes.
“We’re getting good high quality pink onions. Crop from solely these fields, which had been affected by the hailstorm has been broken,” stated an official of Lasalgaon APMC who requested to not be recognized.
