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Wholesale onion prices fall in Nashik, likely to make consumers happy

CNN-IBN
Aug 19, 2013 at 02:18pm IST

New Delhi: The wholesale rate of onion on Monday fell by over Rs 10 in Nashik. The rate has come down to Rs 36-33 per kg from 47-45 per kg last week. The wholesale market in Nashik is the largest market in India.

The fall in onion prices in Nashik could impact prices elsewhere in the country over the next few weeks. The prices are expected to drop further and stabilise later in August when new crop comes in.

Meanwhile, Agriculture Minster Sharad Pawar has told Parliament that the crop condition is good, but supplies have been hit due to rainfall. However, the Opposition continues to question the government.

"In this government while the files are goining missing from the Ministry, onion is missing from the market. Onion is more expensive than petrol and milk," said BJP leader Balbir Punj.

Delhi Chief Minister Sheila Dikshit has ridiculed the comments, she said, "The opposition have made the issue a political gimmick and is trying to gain political mileage."

"In the states where our opposition parties are ruling, what are the prices there and what are they doing about it. In Madhya Pradesh, they are agitating against the Centre and not against the state government," she said.

"We stepped in early. On the third day the prices were reduced. Will be now be reduced further," she added.

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