Nashik: The average wholesale price of onions at Agricultural Produce Market Committees (APMCs) across Nashik district has surged by approximately 20% over the past week, driven by a rise in demand relative to supply.
Price Trends at Major APMCs
On Wednesday, the average wholesale price at Lasalgaon APMC touched Rs1,400 per quintal, but on Thursday it declined marginally to Rs1,350 per quintal. Last week, the average wholesale price was recorded at around Rs1,150 per quintal.
At Pimpalgaon APMC, the average wholesale price was recorded at Rs1,450 per quintal on Thursday, compared to Rs1,250 per quintal last week. On Wednesday, the average price at Pimpalgaon was recorded at Rs1,550 per quintal.
Quality-Based Price Segmentation
Good quality export onions are being sold in the price range of Rs1,200 to Rs1,800 per quintal. Medium quality onions, which are sold or consumed in domestic markets, are priced between Rs700 and Rs1,100 per quintal.
Market Insights
According to Manoj Jain, an onion trader, there has been a rise in demand for onions in international markets over the past few days. “This is the reason the average wholesale price has increased at the APMCs,” said Jain.
Auction Volumes and Price Ranges
At Lasalgaon APMC, the minimum and maximum wholesale prices were recorded at Rs700 and Rs1,751 per quintal, respectively. Around 12,000 quintals of onions were auctioned at Lasalgaon on Thursday.
At Pimpalgaon APMC, the minimum and maximum wholesale prices were recorded at Rs700 and Rs2,112 per quintal, respectively. Approximately 30,000 quintals of onions were auctioned at Pimpalgaon on Thursday.
