Onion price jumps, to remain high for a fortnight
Drought-like conditions in the state have resulted in a drop in production. This, coupled with alleged hoarding by traders, may shoot up prices in the next few days till Rangda, the late kharif crop, enters market in the next 15 days.
“Production in major cultivating areas such as Sinnar and Chandwad has fallen sharply due to water shortage,” Dashrath Chaudhary, an onion farmer at Niphad in Nashik district, said.
Maharashtra produces nearly 30 per cent of all onion grown in India with Nashik contributing nearly 50 per cent of it.
Small Farmers Agri-Business Consortium has forecast a decline in output by 30 per cent.
“Drought is one of the major reasons for the rise in prices. I am, however, confident in the next few weeks prices will stabilise with the market entry of Rangda,” former vice-chairman of National Agriculture Cooperative Marketing Federation Changdeo Holkar said.
Industry watchers said the increase in price could be due to hoarding by traders.
“There is enough onion to keep prices in control. Traders are hoarding to inflate prices,” social activist and agriculture expert Giridhar Patil said.
Pol, Rangda and Gavthi
Onion is produced thrice a year in Maharashtra from October to April. Three types of onions
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