Onion prices decline on export slump

WITH ROBUST CROP prospects and exports to the Gulf countries hit due to the West Asia war, onion prices in Lasalgaon, Nashik, Maharashtra, the hub of the country's wholesale trade, declined to %1,100 a quintal on Thursday from %2,000/quintal prevailed a year ago.

- SANDIP DAS

Traders say that with the arrival of rabi crops for the new season (2025-26) in the market, onion prices are likely to remain subdued in coming months. “Current onion prices are only covering the cost of production for the farmers, while exports have been hit due to the West Asia war, which has impacted the prices,” Jaydutt Holkar, director, agricultural produce market commit-

tee (APMC), Lasalgaon, Nashik, told FE. Holkar said that the government should provide some export incentives to boost onion shipment.