Onion prices fall sharply on robust kharif harvest

WITH THE ARRIVAL of kharif harvest picking up and export prospects sluggish, wholesale prices of onion have declined to ₹1,600 per quintal from ₹1,900 just 10 days ago at Lasalgaon, Maharashtra, the hub of trade.

- SANDIP DAS

With the Bangladesh government not issuing fresh import permits for onion shipments from India, domestic supplies are likely to surpass the demand, thus bringing down prices further in the coming weeks. "Prices are likely to fall further as kharif arrivals pick up while sluggish export prospects are likely to depress prices further," Jaydutt Holkar, director, agricultural produce marketing committee (APMC), Lasalgaon, Nashik, told FE. Holkar said the government must provide export subsidies to boost shipment prospects to curb further fa