Onion auctions at Lasalgaon market resumed today after an “amicable understanding” was reached between traders and APMC office bearers.
Auctions, especially of onions, did not take place at Agriculture Produce Marketing Committee (APMC) yesterday due to various demands of traders which were viewed by some as an attempt to jack up onion prices after they tumbled to Rs 1,000 per quintal.
The scuttling of auctions had sparked fears that onion prices, which have seen some correction, may shoot up again.
“The auctions remained stalled on Wednesday following crash in onion prices and rejection of permission sought by APMC permit-holders to participate in the process. Traders boycotted the procedure because their proposal to hold auction through brokers was turned down,” said Lasalgaon APMC Chairman, Jaydutt Holkar.
Traders withdrew they boycott after an “amicable understanding” was reached in the meeting with APMC office bearers last night.
According to Holkar, auctions of onions and food-grains started as usual today.
While red onions were auctioned at Rs 3,856 per quintal the rates settled down to Rs 3,500 per quintal later in the day at Lasalgaon APMC.
Holkar said auctions at other APMCs, including Pimpalgaon Baswant, were held as usual.
Farmers had staged a rasta roko after onion prices declined to Rs 1,000 per quintal yesterday.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.