Auctions at Lasalgaon, Asia's largest wholesale market for onions, resumed...
Auctions at Lasalgaon, Asia’s largest wholesale market for onions, resumed on Monday after six days when the officials of Agricultural Produce Market Committee (APMC) gave in to the demands of traders who had boycotted auctions over the issue of licence to an outsider.
Both the parties decided to keep the lone trader out of the bidding process till he and the remaining traders arrived at a compromise while the APMC would function.
At the meeting of the APMC officials on Sunday, a decision was taken to place a ‘stay’ on the new trader and prevent him from participating in auctions to prevent any disputes with existing traders.
Traders were protesting against the market committee’s decision to issue licence to a Mumbai-based trader to participate in the onion auction. As per Nandkumar Daga, president of Lasalgaon Traders Association (LTA), only members of the association has been participating in the auction.