Onion prices dropped further by Rs 1 per kg in the wholesale market here today following ban on exports of the bulb, but no immediate impact was visible on its retail cost.
New Delhi: Onion prices dropped further by Rs 1 per kg in the wholesale market here today following ban on exports of the bulb, but no immediate impact was visible on its retail cost.
Meanwhile, farmers continued their stir in key producing regions of Maharashtra and Karnataka against the export ban.
Wholesale rates of onion fell between Rs 7-12 per kg in Azadpur market (Asia's biggest wholesale fruit & vegetables market) on Saturday against Rs 8-13 per kg (depending on the quality) yesterday, Surendra Budhi Raj, President of Azadpur based Onion Merchants Association said.
The fall was sharp by up to Rs 4 a kg on Friday as an immediate reaction to the government imposing ban on onion exports on Thursday.
But the drop in the wholesale prices did not have any immediate effect on the retail rates of the kitchen staple which continued to sell at Rs 25 a kg in Delhi and NCR.
Budhi Raj said supply of onions into Azadpur market is expected to lower from Monday due to farmers agitation in the onion mandis of Nashik, the hub of onion production.
All the onion markets in Nashik district of Maharashtra remained closed for the second consecutive day today to protest ban on onion export, Chairman, APMC, Pimpalgaon, Dilip Rao Bankar said.
Farmers from 15 onion mandis including those from Lasalgaon, Pimpalgaon, Manmad and Kalwan boycotted markets today demanding remove the ban on onion exports.
"We have send a memorandum to Union Agriculture Minister Sharad Pawar and also to the Maharashtra government for lifting ban on onion export," Bankar added.
In Karnataka, farmers refrained from bringing their produce to the APMC market at Yashwantpur near Bangalore on Saturday to protest ban on its export.
Meanwhile, R P Gupta, Director NHRDF (set up by cooperative Nafed for research and development of onion crop) at Nashik said the country had a comfortable stock of about 14 lakh tonnes of onions in godowns across the country at present.
"This much onions in storage is expected to meet the supply needs in different markets across the country till November 15. Besides, the kharif onions are expected to hit the market by October 15," Gupta said adding supply position of the crop is not a cause a major cause for worry.