2024-03-28 21:14:25
The government has extended the period of ban on export of onion. Due to this, onion prices have fallen. However, farmers of Nashik and surrounding areas are angry with this step of the government. To remove the resentment of those farmers, the government has announced to start government procurement of onions. The government plans to purchase about five lakh tonnes of onion.
highlights
- Government has extended the ban on export of onion
- Due to this the wholesale price of onion has declined
- However, onion growing farmers are angry with this move of the government.
- To remove the displeasure of farmers, the government is starting the purchase of five lakh tonnes of onion.
New Delhi:This was just last week. The Director General of Foreign Trade (DGFT) under the Union Commerce Ministry had issued an order related to the export of onion. It was told that the order to ban onion export, which was effective till March 31, 2024, has been extended till further orders. Soon after this the festival of Holi arrived. The onion farmers had already guessed what happened after Holi. Onion prices have started falling in the wholesale market of Nashik. Its effect has also been seen in the retail market of Delhi NCR. Now the price of onion in retail has fallen flat.
What is the price of onion in Delhi?
The average quality onion which was being sold at Rs 30 per kg in Delhi markets last Sunday, started selling at Rs 20 per kg on Wednesday. The price of A grade onion which was being sold at Rs 40 per kg last Sunday was Rs 30 per kg on Wednesday. If you buy on the basis of piece or piece, the seller can charge you a price of Rs 125. However, in posh areas, A grade onion is still being sold at only Rs 40 per kg. It may take a few more days for its prices to reduce there. When Sudama Mishra, an onion seller of Sahibabad Mandi, was asked the reason for the decline in onion prices, he said, “Modi government has issued an order on the export of onions. Due to this, onions have become cheaper in Nashik Mandi itself. When it has become cheaper there itself.” So it will definitely be cheaper here.”
What is the price in Nashik market?
Last week, the average price of onion in Lasalgaon Mandi of Nashik was Rs 1440 to Rs 1500 per quintal. It has come down to Rs 1300 to Rs 1360 per quintal on Tuesday. Traders say that earlier farmers had thought that prices would rise if exports opened from next month. Now the ban period has been further extended. I don’t know how long it will last. Therefore the market sentiment has deteriorated. Due to this, wholesale prices of onion have decreased. Government procurement started
Meanwhile, the government has announced to start purchasing onion. News has come from the Union Consumer Affairs Ministry that government agencies will purchase five lakh tonnes of onion this season. This purchase is for the buffer stock of the Central Government. On Tuesday itself, the Central Government has directed the National Agricultural Cooperative Marketing Federation of India (NAFED) and the National Cooperative Consumer Federation of India (NCCF) to start purchasing onion directly from farmers for the buffer requirement. This step has been taken so that onion prices do not fall much in Nashik Mandi. Onion production will be less this year.
According to the data of the Union Agriculture Ministry, onion production in Rabi season 2023-24 (July-June) is estimated to decline by 20 percent to 190.5 lakh tonnes. A total of 237 lakh tonnes of onion was produced in the same period a year ago.
onion area decreased
In fact, the area under onion has decreased this year. This year onion has been sown in 9.76 lakh hectare area whereas last year onion was sown in 12.26 lakh hectare area. Rabi season onion is important for the availability of onion in the country as it contributes 72-75 percent to the annual production. Even in the export market, there is a demand for onions grown in Rabi season.
About Shishir Chaurasia
Shishir ChaurasiaShishir Kumar Chaurasia is currently working as Business Editor with NBT.in. He has 24 years of experience in financial journalism. Earlier, he covered central government ministries for Amar Ujala, Dainik Bhaskar, Univarta and Rajasthan Patrika. He has also worked in Divya Himachal, Dharamshala and Panchkula (Haryana)…. Read More
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