Will Egyptian onions bring down prices in Mumbai?
APMC traders are expecting a fall in price by Rs 5 to Rs 10 per kg once the imported consignment hits the markets in the coming days
While onion prices are inching closer to Rs 100 per kg with each passing day, traders at the wholesale APMC market in Vashi are expecting a fall in prices by Rs 5 to Rs 10 per kg once the onions imported from Egypt arrive at the market.
Members of the NCP women’s wing offer a bouquet made of onions to a police officer outside Mantralaya to protest against the skyrocketing prices of onion. Pic/Sameer Markande
Ashok Walunj, director of onion-potato market, APMC, said, “We are expecting a fresh consignment of onions from Egypt in a few days. It will arrive at the APMC market after getting clearance at JNPT. Prices are expected to come down by a few rupees, depending on the quantity of onions reaching the market.
“We are expecting 15 to 20 tonnes of imported onions in a few days.” Yesterday, the APMC market received 130 trucks of onions as compared to 100 on Saturday. Currently, the onions supplied across city markets are the ones harvested in January and the compiled stock will last only till October-November.
Rs 50-Rs 60
Wholesale price of onions at the APMC market, Vashi, this week
Rs 46-Rs 48
Wholesale price of onions at the APMC market last week