Onion price rises to Rs 11,000 per quintal mark
At the Kalwan Agriculture Produce Market Committee (APMC) here in Maharashtra during the auction the wholesale price of onions of the summer variety rose to Rs 11,000 per quintal on Monday.
According to the APMC sources ' Monday which is the first trading day of December and the wholesale price of the summer crop of onions was the highest this season in a major vegetables producer that is Nashik district.'
They added on by saying that the previous highest wholesale auction price that was Rs 9,000 per quintal of onions was recorded.
They also informed that during the morning session, summer onions were auctioned at minimum was Rs 4,000 per quintal while the maximum was Rs 11,000 a quintal.
However, In November, the maximum price of Onion reached Rs 9,000 a quintal mark, whereas the average price was Rs 4,900.
Meanwhile, according to reports there was no action at the Lasalgaon APMC of summer onions on Monday.
However,On last Saturday at the Lasalgaon APMC Rs 8,401 per quintal is the highest auction rate for red onions recorded this season, whereas the previous highest price, Rs 6,565 a quintal, was recorded .