tradologie email id info@tradologie.com tradologie email id +91 85959 57412

Onion Prices Surge As Supply Drops And Demand Rises


Published Date: June 14, 2024
203

Onion prices have risen by 30-50% in the last fortnight as arrivals have slowed and demand has increased ahead of Eid-al-Adha (Bakra Eid). The trade has begun to hold stocks in the hope that the central government will ease its price-control interventions.

Tradologie.com is a user-friendly SaaS based global trade hub and your streamlined solution for B2B vegetable procurement and sales. Connect with global Buy Onion In Bulk or bulk onion sellers, bypass middlemen for higher profits, and secure the best bulk prices effortlessly. Simplify your vegetable sales or procurement with Tradologie.com.

Rise In Onion Pricing

On Monday, the average wholesale price for onions at the Lasalgaon mandi in Nashik was Rs 26 per kg, up from Rs 17 on May 25. The price of best-quality onions, which account for a small portion of total traded volume, has risen above Rs 30 per kg in many wholesale markets across the state.

The primary reason for the recent price increase is a mismatch between demand and supply. The onion that arrives in markets in June is from farmers' and traders' stocks. Farmers sell from their stock slowly as they project prices to rise because of an expected fall in the rabi crop of 2023-24.

A 40% export duty has slowed the rate of export, but traders say there is a strong domestic demand for onions for June 17's Eid-al-Adha. According to Vikas Singh, a Maharashtra onion trader from Nashik, “there is strong demand for Maharashtra's onions, especially from the southern states.”

Farmers and stockists' optimism that the export duty may be lifted by the central government is one of the primary causes of the price increase. They are holding onions because they believe the price will rise, according to this assumption, stated Ajit Shah, president of the Horticulture Produce Exporters' Association.

If you are an Onion Importer wishing to import onion in bulk or an onion exporter willing to export bulk onion, then Tradologie.com is the right platform for you.

Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates.

The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries.

To register as a buyer, click here. To register as a seller, click here

To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

Image

Connect with Us


I am* Seller Buyer
Select Country
Mobile Number
Add Comment



Most Relevant

BE THE FIRST ONE TO COMMENT

Download Buyer App
Available on Android and Ios

Download Seller App
Available on Android and Ios