Nasik onion traders face losses of up to Rs 20 cr daily on wagons scarcity
12 years, 1 month ago

Nasik onion traders face losses of up to Rs 20 cr daily on wagons scarcity

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Traders are being forced to sell their stock to the Agriculture Produce Market Committees in the district at low prices, resulting in falling onion prices Nasik: Onion traders here face losses of up to Rs 20 crore daily after Railways could not provide wagons to transport onions, but rates in Delhi remained stable, industry experts said. Traders are being forced to sell their stock to the Agriculture Produce Market Committees in the district at low prices, resulting in falling onion prices, Nashik District Onion Traders’ Association’s Vice-President Sunil Jain. Onion prices at the Lasalgaon APMC dropped by Rs 350 per quintal since Monday and since onions are not stockable, Lasalgaon APMC Deputy Chairman Balasaheb Kshirsagar said. Supply position is normal.” Earlier, former NAFED chairman and senior progressive farmer Changdevrao Holkar told reporters that onion prices, especially in Northern India increased in recent times, since railways authorities could not provide wagons since 3 weeks.

History of this topic

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