Commodity News - Deficit rain in Maharashtra affects Onion output
Deficit rain in Maharashtra has affected the rabi sowing. Onion might be one of the most affected crops. A third of the total Onion output is from Maharashtra. The overall Onion crop is estimated to be 10-15 percent lower.
India produced 22.5 million tons of Onion in 2016-17. The 2017-18 crop was estimated at 22 million tons. If the crop drops 10 percent, there is a reason for worry.
The worry is when rabi arrival time comes in January, a price spurt is a possibility. The crop this year, 2018-19, is estimated at below 20 million tonnes, the second year of lower production.
Kharif season shipments have started at the major wholesale market of Lasalgaon and its surrounding areas. Prices are around Rs11per kg.
The president of Onion Exporters Association of India, says prices have been moderate for a while because export demand is down since India’s Onion are costlier and importers have shifted to Pakistan, which is selling 40 percent cheaper than India.
If export demand is not revived in the coming months when the rabi crop arrives, prices will not see much of an impact.
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