After the drought the deluge. Thirty thousand quintals of onion arrived at Lasalgaon Mandi in Nashik by 11.00 am Tuesday and were being traded for as little as Rs 4.30 per kg. TOI had forecast this dip last week. It remains to be seen how soon this surfeit will benefit the common consumer in Mumbai given that retail rates continue to hover at Rs 25-45 per kg. It's worth noting that no sooner have prices reduced than APMC traders are pushing for the government to resume exports.
Read more: Onions hit Rs 4 mark in Nashik - The Times of India http://timesofindia.indiatimes.com/city/mumbai/Onions-hit-Rs-4-mark-in-Nashik/articleshow/7363889.cms#ixzz1C79NandV
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Ravishankar Prasad
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Wednesday, 26 January 2011 10:58
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Tuesday, 30 November -0001 00:00
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