Onion prices fall in Maharashtra

Aurangabad, Nov 24 (ANI): Onion prices have fallen with rains halting in Maharashtra.

Farmers earlier could not bring their onion stock to the market due to heavy rains, resulting in a steep rise in the prices of onions.

With the weather being favourable now, the farmers have now started selling their stocks, sending the onion prices crashing.

"Due to rainfall last week the farmers could not take out onions for sale. Earlier due to scarcity of onions, the price had gone up to Rs 2,000- 2,700. Now the the price has fallen to Rs 800-1,200," said Ilyas Jamadar, an onion trader.

The prices of onions had almost doubled in India in the wake of the post-monsoon rainfall that lashed large parts of Maharashtra last week.

The rains not only damaged the onion crop, the storms were so bad that onions in storehouses were also affected.

There had been a steep rise in onion prices in the country. This was ascribed to unfavourable weather conditions, especially heavy rains damaging the crop in the onion belt of the country including Karnataka and Andhra Pradesh, besides Maharashtra. (ANI)