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Onion prices hit Rupees 40-mark
As onion prices shot up in open market across the State, Rythu Bazars in the state have been facing severe shortage of onions and some Rythu Bazars have not reported any arrival of stock for some days.
Amaravati: As onion prices shot up in open market across the State, Rythu Bazars in the state have been facing severe shortage of onions and some Rythu Bazars have not reported any arrival of stock for some days.
As the prices of onions reached around Rs 40 per kg (first quality) in retail market, several Rythu Bazars in the state have stopped providing onions to customers. Only one or two sellers have been supplying onions. Though the situation has been continuing like this for two weeks, the state government has not intervened and did not take any alternative steps to supply onions to Rythu Bazars.
The crisis started two weeks ago as the prices rose two to three fold at Lasalgaon in Maharashtra, Asia’s largest wholesale market for onion, with the low supply of old stock and decrease in output of new Kharif crop. The situation affected Kurnool, the biggest onion market in Andhra Pradesh.
The maximum price of onions at Lasalgaon market on July 25 was Rs 1,011 per quintal which reached Rs 2,400 by August 4. In Kurnool market, the maximum price was Rs 940 on July 25 which rose to Rs 2,750 per quintal by August 4. The arrival of produce at Lasalgaon on July 25 was 29,035 quintals which declined to 20,000 quintals on August 4 as per data available with National Horticulture Research and Development Foundation.
With the above conditions, prices in open markets skyrocketed to about Rs 40 per kg in open markets for first quality produce. It is Rs 30/kg for second quality and the minimum price is Rs 25 even as it is damaged produce. This affected Rythu Bazars in AP as the merchants are selling onions to customers at prices of Rs 20 – Rs 28 per kg for second or third quality from Rs 10 per kg of first and second quality two weeks ago.
Besides, merchants did not show interest to sell onions in Rythu Bazars claiming the prices fixed by marketing department are not remunerative compared to the prices in the open market. One merchant is selling onions at a price of Rs 22 against around 15 merchants in Swaraj Maidan Rythu bazar, one of the biggest Rythu bazar in the State. Same condition has
prevailed in almost all Rythu Bazars in the State, said an estate officer. It is expected that the present trend may continue for some months as new crop from the kharif season is expected to be less as the extent of onion cultivation has decreased by around 40 per cent in Andhra Pradesh, Maharashtra and Karnataka due to late and low rain fall.
