Wholesale onion prices fall to Rs 45/kg in Lasalgaon

According to the National Horticultural Research and Development Foundation, wholesale onion prices atLasalgaon in Maharashtra, Asia's biggest bulb market, on Monday fell further by Rs 3 per kg to Rs 45, from Rs 48 per kg last week.

The rates have started softening due to an increase in arrivals after the government restricted exports and decided to boost supply through imports Stock Market Trading Tips

Retail prices are still ruling high at up to Rs 80 per kg across the country. Prices had peaked to Rs 57 per kg on August 22. According to consumer affairs ministry data, retail prices on Monday were Rs 67/kg in Delhi, Rs 61 per kg in Mumbai, Rs 50 per kg in Kolkata and Rs 47 per kg in Chennai. In Aizawl and Varanasi, onion was retailing as high as Rs 80 per kg, the data showed.