The price of onion has been steadily rising for some time. Onion prices in Maharashtra have reached 45 kg in the market. According to ANI, onion in Lasalgaon mandi of Nashik is sold at Rs 4500 per quintal on Saturday. It is believed that the price has increased due to rain in recent times. A trader said that onion rate today has been 3500-4500 rupees per quintal. It is believed that in the next few days the price may rise further.
Apart from mandi, onion prices in retail have reached Rs 60 per kg in the country. Ever since the government decided to lift the ban on onion exports, there was a spurt in the price. Recently, due to the heavy rains in Maharashtra, this momentum has been strengthened and the wholesale price has reached Rs 4500 per quintal. So far, onion crop has not been ready in Bengal, Rajasthan, Gujarat, due to which it is believed that the price may increase further.
Onion prices fluctuate from here
Lasalgaon in Maharashtra has an important role in fixing onion prices across the country. It is the largest onion market in the country, which is in Nashik district. 60 percent of onion is grown in Nashik all over Maharashtra. And Maharashtra caters to the needs of onions across India to a large extent. When the wholesale price of onion increases here and the supply of onion decreases from here to all over the country, onion also becomes expensive in retail. When the arrival of onion increases in Lasalgaon, and onion purchase is cheaper here, onion becomes cheaper in the retail market. Now the arrival of new crop of onion has increased in this market, so onion is now becoming cheaper.