Onion prices to ease as new crop hits markets: Pawar | business | Hindustan Times
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Onion prices to ease as new crop hits markets: Pawar

business Updated: Jan 10, 2011 18:59 IST
PTI
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Retail prices of onion are expected to come down as the new crop has started arriving from Gujarat, Madhya Pradesh and Maharashtra, food and agriculture minister Sharad Pawar said on Monday.

"A new crop has started coming from Gujarat, Madhya Pradesh and some parts of Maharashtra, which is a good sign. The impact on retail prices will be seen eventually," he told reporters in New Delhi.

Onion prices on December 20 had surged to Rs 70-85 per kg in the retail markets in major cities as a result of damage to crops in Maharashtra due of rains.

Prices have eased to Rs 55-60 in metros owing to ban on exports and duty-free import.

The minister said he had been informed that the onion traders in Nashik have withdrawn their strike, which began on Monday, in protest of IT raids as well as few state governments forcing traders to sell onion below the cost price.

"I am told that Nashik traders have withdrawn the strike," he added.

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