Nafed intervenes to stabilise markets as onion and potato prices plunge

Sharp drop in onion and potato prices since last few weeks have forced farmers to dump their produce in fields as selling price is far less than even cost of carrying produce to the market

Sanjeeb Mukherjee New Delhi
Photo: Bloomberg

Photo: Bloomberg

Onion farmers in Maharashtra, which is one of the largest producers of the crop, are in distress, as are potato growers across the northern belt. The sharp drop in the prices of these two vegetables the past few weeks has forced them to dump their produce in the fields, as the selling price is much lower than even the cost of carrying the produce to the market. chart

In Maharashtra, opposition parties entered the state assembly with baskets of onions to protest against the sharp drop in prices. The plunge has been attributed to an increase in late kharif production this year, following higher acreage and better yields. Onion is harvested thrice a year. The kharif

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First Published: Feb 28 2023 | 6:48 PM IST

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