Onion prices to touch new high during Diwali — Check rates from Lasalgaon mandi

Onion prices to touch new high during Diwali — Check rates from Lasalgaon mandi

NEW DELHI: Prices of onions are prone to soar throughout Diwali this 12 months throughout the nation. Significant affect in onion costs will likely be seen within the coming days. 

Prices of onions soared to Rs 6802 per quintal in Lasalgaon, Asia’s greatest onion market in Maharashtra, on Monday (October 19). This is prone to have a cascading impact on different markets throughout the nation.

It is to be famous that onion merchants weren’t coming to Mandi following the Income Tax raids on merchants on October 14. Income tax officers raided 10 onion merchants in Lasalgaon for suspected tax evasion, leading to a direct halt in buying and selling actions. The market remained shut on Thursday too as officers continued to be on the premises doing paperwork.

Trading was not carried out on Friday because it was ‘Amavasya’, which is taken into account inauspicious. The Agricultural Produce Market Committee (APMC) works half-days on Saturdays, whereas Sunday was the weekly time off. Hence, the public sale could not be held on both day. 

Farmers are already miffed due to a ban on exports of the kitchen staple.

On October 19, when the market opened, onion costs witnessed a pointy elevated in its worth, by as much as Rs 2000 per quintal. 

The cause for the value hike is a number of. Primarily, a number of areas of Maharashtra acquired heavy rainfall in previous couple of days which broken the onion crops. Onions from Karnataka’s Bengaluru have been additionally destroyed as a consequence of unseasonal rains, resulting in a dearth in provide of the crop throughout the nation. 

In such a scenario, the value of onions is certain to extend and in coming days it would begin to skyrocket.

Here’s the Monday’s charge listing of onions from Lasalgaon: 

Kamal: Rs 6802/quintal
Sarasari: Rs 6200/quintal 
Low high quality onion: Rs 1500/quintal

Earlier in September, the federal government had determined to ban the export of all onion varieties, which compelled Lasalgaon, Nashik, and Maharashtra farmers to return out on the streets to protest towards the Centre’s determination.

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