Onion prices crash in wholesale markets of Delhi, Nashik

New Delhi, Jan 25 (PTI) Onion prices crashed to Rs 5-20 akg in wholesale markets of the national capital today on theback of improved supply, but retail prices of the vegetableremain high at Rs 40 per kg.

Retail prices of onions have been hovering at the samelevel for the past four to five days in New Delhi, despite thesharp decline in wholesale rates, traders said.

Wholesale traders said it will take a few days for retailprices of onions to reflect the fall in wholesale rates.

Delhi Agricultural Marketing Board Chairman Brahm Yadavsaid the onion crisis is fast dissipating. This was in linewith new Food Minister K V Thomas'' recent statement that onionprices will improve from end-January.

"There is no shortage in supply of onions in the Azadpurmarket now, as a result of which the price has gone downsignificantly," Yadav added.

The sharp decline in the wholesale price of onions hasangered farmers in Nashik, who staged an agitation in front ofthe Lasalgaon Agriculture Produce Marketing Committee''s (APMC)offices yesterday.

The police resorted to a mild cane charge to deal withthe agitators there, sources in the Lasalgaon police said.

There was no report of injury to anybody in the action, theyhad added.

Rajendra Sharma, the General Secretary of the OnionMerchants Association in the Azadpur market -- Asia''s biggestfruit

Please Wait while comments are loading...