Lasalgaon onion price crosses Rs4,250 per quintal as supplies: The wider industry impact

Farmer unloading onions for auctions at Lasalgaon APMC

Nashik : Average wholesale onion prices at Lasalgaon APMC, the country’s largest onion market, increased sharply over the past two trading sessions, crossing Rs4,250 per quintal on Monday amid tightening supplies and sustained demand. The average wholesale price at Lasalgaon rose by nearly 15%, climbing from approximately Rs3,700 per quintal on Friday to Rs4,251 per quintal on Monday. During the day’s auction, the market recorded a maximum price of Rs4,545 per quintal and a minimum of Rs1,000 per quintal, with around 10,220 quintals traded. Under the price stabilisation fund (PSF), the Centre had assigned a procurement target of 2 lakh MT of onions to NAFED and NCCF (1 lakh MT each). However, the two agencies have together managed to procure only around 1.15 lakh MT of summer onions so far. Of this, NAFED procured about 56,000 MT, while NCCF purchased around 59,000 MT from Nashik and other onion-growing regions of Maharashtra .

The rise in prices has prompted central agencies to begin releasing buffer stock onions in major consumption centres to contain retail prices. This price hike is already being reflected in retail markets across the country, where onion prices have reached Rs50–Rs65 per kg in several major cities. In response, the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the National Cooperative Consumers’ Federation (NCCF) have initiated the release of onions from the central buffer stock. The stock is being dispatched to key consumption hubs, including Delhi, Chennai, Kochi, and Guwahati. You Can Also Check: Gold Rate in Nashik | Silver Rate in Nashik | Bank Holidays in Nashik | Public Holidays in Nashik | Petrol Price in Nashik | Diesel Price in Nashik | CNG Price in Nashik | LPG Price in Nashik

In Nashik, good-quality onions were sold at around Rs50 per kg on Monday, and traders expect further increases if arrivals remain subdued.