According to traders, around 25 trucks carrying 1,500-2,000 quintals of onions have arrived at the Azadpur Mandi. "With the additional arrival of onions from Afghanistan prices today fell by Rs 10 per kg to Rs 50 per kg in the whole sale market," Onion Merchant Traders Association President Surendra Budhiraj said.
    
Mother Dairy outlets in the city, which are selling onions at around Rs 60 per kg, is contemplating to reduce the prices from Saturday after the fall in the prices at wholesale
market, an official said. Prices of kitchen staple have fallen a day after the government hiked the minimum export price (MEP) of the Onions to USD 900 per tonne.
    
MEP is a benchmark price below which onion cannot be exported. Traders also attributed the fall in wholesale onion prices to decline in prices of the bulb in Lasalgaon Mandi in Nashik, which sets the price trend across the country.
    
According to National Horticultural Research and Development Foundation (NHRDF) data, prices of the politically sensitive commodity at Lasalgaon in Nashik, decreased by Rs 10 per kg to Rs 47 per kg on Friday.
    
Earlier this week, Food Minister KV Thomas had said that arrival of onions is good. "Our calculation is that prices will come down by end of this month or early next month." Wholesale Price Index (WPI) based inflation had risen for the third straight month to 6.1 percent in August, driven by a whopping 244.62 percent jump in onion prices on an annual basis.

(Agencies)

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