Nashik: Egyptian Onions, Fresh Kharif Arrivals Put Pressure On Onion Prices
Nashik: At a time when onion imports from Egypt have begun to augment domestic supplies and keep prices under control, fresh Kharif onion arrivals from Karnataka and Andhra Pradesh are also increasing. This has somewhat reduced demand for Maharashtra onions, putting pressure on prices in Nashik’s onion markets. During the past fortnight, one container carrying 27 tonnes of Egyptian onions arrived…
Nashik is witnessing a decline in onion prices due to an influx of Egyptian and fresh Kharif onions from Karnataka and Andhra Pradesh. The dual supply is causing pressure on prices in the city's onion markets. On October 6, the average price of summer onions dropped to ₹3,900 per quintal, a decrease of ₹551 or 12.4% from the previous price of ₹4,451 per quintal.
The maximum price also fell by ₹750 or 14.4% to ₹4,451 per quintal. Fresh Kharif onion arrivals began in Karnataka and Andhra Pradesh towards the end of August, and the new crop is now increasing in market supply. Traders and exporters are favoring the fresh crop, which is leading to a shift in demand away from Maharashtra's stored summer onions.
The quality of stored onions has also declined, with a higher proportion of damaged, sprouted, and lower-grade onions available in the market. This has indirectly put pressure on prices of good-quality onions. Onion growers are closely monitoring the volume of fresh Kharif arrivals and their prices in the coming days.
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