the goan I network
BELAGAVI
Onion prices are expected to decrease further as more stocks have arrived from onion-growing areas of Maharashtra and Karnataka.
The arrival of the new stocks led to a decline in the wholesale prices of onions in the APMC wholesale market in Belagavi, which is a major supplier of onions to Goa.
About 50 truckloads of onions arrived in Belagavi wholesale market on Wednesday, one of the two days in the week when onion trading is the highest, the other day being Saturday.
Prices of onions, which had skyrocketed to Rs 170 a kilo earlier this month, had further decreased last week to Rs 110 a kilo in the APMC wholesale market as about 40 trucks had arrived.
However, since Monday as the supply from Maharashtra has commenced, the prices have reduced further.
Onion prices have decreased by about Rs 20 a kilo as compared to last week.
According to wholesale traders, the prices are likely to decrease further and expected to normalise by December-end.
“Also, the second cultivation season has ended and heavy supply is expected from Gujarat. Due to this the onion prices are expected to normalise by another fortnight,” Sambhaji Hongekar, a wholesaler said.
