Onion price drops at mandis after govt fixes MEP
Tuesday, 31 October 2023
The wholesale prices of onions have slightly decreased after the imposition of a minimum export price of $800 per tonne. In Delhi's Azadpur market, prices fell from Rs 55-60 per kg to Rs 45-50 per kg. However, it will take some time for these changes to reach the retail market. The consumer affairs ministry reported a decline in prices in Maharashtra following the imposition of the minimum export price. Traders are hopeful for further price declines as kharif crops arrive from Rajasthan, MP, and Maharashtra.
The wholesale prices of onions have slightly decreased after the imposition of a minimum export price of $800 per tonne. In Delhi's Azadpur market, prices fell from Rs 55-60 per kg to Rs 45-50 per kg. However, it will take some time for these changes to reach the retail market. The consumer affairs ministry reported a decline in prices in Maharashtra following the imposition of the minimum export price. Traders are hopeful for further price declines as kharif crops arrive from Rajasthan, MP, and Maharashtra.
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