The Daily Bharat Express (Web Desk): The wholesale mandi prices of onion have declined marginally following the imposition of the minimum export price (MEP) of $800 per tonne on Saturday. In Delhi’s Azadpur, which is Asia’s largest wholesale market for fruits and vegetables, the prices fell to Rs 45-50 per kg on Monday from Rs 55-60 per kg a few days ago. However, it will take some time for the impact to reach the retail market.
The most common price of onion across centres was Rs 60/kg on Monday and in some places like Delhi it was selling at Rs 70/kg.
While officials said they expect prices to fall in the next few days, traders are hoping for a decline in prices as kharif crops have started arriving from Rajasthan, MP and Maharashtra.
The consumer affairs ministry, in a statement, also said that there has been an immediate impact of the MEP on the price correction in Maharashtra markets, where prices recorded a decline of 5% to 9% from the highest price registered last week. It added that the weighted average price of onion in Maharashtra across all the markets has declined by 4.5% and a similar decline was observed in consumption centres as well. Even at Lasalgaon in Maharashtra, the hub of the country’s onion market, the benchmark price declined.
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