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India: Fresh stock causes onion price drop

Zoom in font  Zoom out font Published: 2015-12-21  Views: 5
Core Tip: Fresh stocks of onions have caused prices of the commodity to drop at the wholesale market in Vashi, Navi Mumbai. Yet inhabitants of the town are not happy after suffering four months of extortionate prices and continuing high prices for other essential i
Fresh stocks of onions have caused prices of the commodity to drop at the wholesale market in Vashi, Navi Mumbai. Yet inhabitants of the town are not happy after suffering four months of extortionate prices and continuing high prices for other essential items such as garlic.

After nearly four months of buying costly onions, up to almost Rs 120/kg, the common man can finally breath a sign of relief, as rates of onion have finally come down at the Agricultural Produce Market Committee (APMC) wholesale vegetable market in Vashi, Navi Mumbai.

Traders at APMC credit the downfall in rates of onion to the fresh stock that arrived from Nashik and Solapur last week. Harsh Dharamshi, owner of Ashirwad store, Vashi, said, "Prices have come down to Rs 16/kg in the wholesale market and it is being sold at Rs 25/kg in retail markets. It is all because of the early harvest of onion in Nagpur and Solapur."
 
 
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