Summer onion arrivals commence at Lasalgaon, 45L tonne may be stored

By: |
Pune | Published: March 12, 2016 12:09:42 AM

The arrival of the summer onion crop has begun at Lasalgaon, the country's largest wholesale market for the commodity.

The arrival of the summer onion crop has begun at Lasalgaon, the country’s largest wholesale market for the commodity. The Lasalgaon Agriculture Produce Market Committee (APMC) recorded the arrival of 2,362 quintals summer onion at a modal price of Rs 800 per quintal.

Around 45 lakh tonne of onion is expected to be stored this year due to better quality and higher production. On Friday, the total arrivals at Lasalgaon were around 16,500 quintals at a modal price of Rs 750 per quintal.

According to market committee officials, the  arrivals will go up by the end of March when the kharif onion, which is currently arriving in markets in large quantities, will get exhausted. According to RP Gupta, director, National Horticultural Research and Development Foundation (NHRDF), this is the early rabi crop  and arrivals will gain momentum from April onwards.

The summer crop usually gets good prices as compared with the kharif crop because of its longer shelf life. Gupta said that the arrivals will begin in Gujarat from April 15 onwards and Maharashtra and Madhya Pradesh from this month.

As per the latest report of NHRDF, the rabi onion is grown in almost all the states of the country but the major rabi onion growing states are Maharashtra, Gujarat, Madhya Pradesh, Rajasthan, Bihar, Odisha, West Bengal and Uttar Pradesh.

At present, the condition of rabi crop is very good and, if the climatic condition remains favourable in future, the production of onion will be higher by 15-20% as compared to the previous year, the report states.

The recent rains in Maharashtra have done no damage to the rabi onion crop, NHRDF officials maintained. The rabi onion can be stored for longer period say up to 5-6 months. Farmers will begin storing the crop from April onwards.

Around 45 lakh tonne is expected to be stored in the current year. The total production of onion in the country during the current year 2015-16 estimated to be around 205-208 lakh tonne from the area of 12-13 lakh hectares, depending upon the weather conditions in coming months, Gupta said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Jewellers dig in their heels, strike enters 10th day
2Gold prices cling to gains with euro, as ECB signals end to rate cuts
3Cheers! Grover Zampa Vineyards to launch country’s most expensive wine