Traders cut onion import from Afghanistan
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Traders cut onion import from Afghanistan

Last Updated: Wednesday, October 30, 2013, 19:25
 
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Traders cut onion import from Afghanistan
Chandigarh: Punjab-based importers have started cutting down on the onion imports from Afghanistan via Attari-Wagah land route, with retail prices of the kitchen staple dropping to Rs 50-60 per kg in Punjab and Chandigarh.

"Yes, importers are cutting down the orders of onion import as onion prices here are dipping on improvement in crop arrivals," Amritsar based trader Rajdeep Uppal said on Wednesday.

Traders said the movement of trucks in coming days would also go down considerably as it is not going to be "profitable" for importers to sell imported kitchen staple here.

"Prices have started going down here as well so it will not be viable for them to place new orders," trade expert Jaspal Singh said.

"Whatever trucks are coming now will be carrying earlier orders," said Uppal.

Seeing opportunity in making money in the wake of soaring onion prices, several Punjab based importers placed orders for importing onion from Afghanistan.

According to traders, during the month of September and October, over 200 trucks carrying onion crossed over to Indian territory via Attari-Wagah land route.

However, arrivals of onion from Afghanistan failed to bring down retail prices of onion in Punjab as it continued to remain high with traders citing poor quality coupled with low arrivals.

Major part of imported onion from Afghanistan is being consumed in Punjab itself, traders said.

Meanwhile, onion prices in Chandigarh and Punjab have dropped from Rs 80 per kg last week to Rs 50-60 per kg.

City-based traders said wholesale rates of onion have come down to Rs 30-40 per kg as against Rs 50-55 per kg prevailed about a week ago.



PTI

First Published: Wednesday, October 30, 2013, 19:23


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