<p>The wholesale prices of onion at Lasalgaon in Nashik, the biggest onion market of Asia, continue to soar further on Friday because of a compounding demand-supply mismatch.<br /><br /></p>.<p>The impact of the spiralling prices is likely to be felt during the ensuing festivals of Ganeshutsav and Navratri-Dassera. <br /><br />On Friday, during the auctions, the wholesale price per quintal peaked at Rs 5,824. However, the maximum trades took place at the Rs 5,400-levels which is Rs 54 per kg. <br /> <br />No solution in sight<br />In the Mumbai Metropolitan Region (MMR), the retail prices were between Rs 60 and Rs 70.<br /><br />“At least for the next two months, September and October, the problem is going to last and this is making us uncomfortable,” Nanasaheb Patil, a member of the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), said from Lasalgaon. <br />With the prices spiralling, there are already signs of worry at the Agriculture Produce Marketing Committee (APMC) centres across Maharashtra. <br /><br />Two-year high<br />The wholesale and retail prices are around a level of two-year-high - with onion once again slowly compounding into a political issue. <br /><br />It is pertinent to mention here that Ganeshutsav and Navratri-Dassera falls in September and October, respectively. While Ganesh Chaturthi falls on September 17, Anant Chaturdashi falls on September 27. <br /><br />The Navratri festival commences on October 13 with Ghatasthapana and ends on October 22 with Dassera. <br /><br />“The situation would ease only in November with the new arrivals are on expected lines,” sources in NAFED and APMC said. <br /> <br /></p>
<p>The wholesale prices of onion at Lasalgaon in Nashik, the biggest onion market of Asia, continue to soar further on Friday because of a compounding demand-supply mismatch.<br /><br /></p>.<p>The impact of the spiralling prices is likely to be felt during the ensuing festivals of Ganeshutsav and Navratri-Dassera. <br /><br />On Friday, during the auctions, the wholesale price per quintal peaked at Rs 5,824. However, the maximum trades took place at the Rs 5,400-levels which is Rs 54 per kg. <br /> <br />No solution in sight<br />In the Mumbai Metropolitan Region (MMR), the retail prices were between Rs 60 and Rs 70.<br /><br />“At least for the next two months, September and October, the problem is going to last and this is making us uncomfortable,” Nanasaheb Patil, a member of the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), said from Lasalgaon. <br />With the prices spiralling, there are already signs of worry at the Agriculture Produce Marketing Committee (APMC) centres across Maharashtra. <br /><br />Two-year high<br />The wholesale and retail prices are around a level of two-year-high - with onion once again slowly compounding into a political issue. <br /><br />It is pertinent to mention here that Ganeshutsav and Navratri-Dassera falls in September and October, respectively. While Ganesh Chaturthi falls on September 17, Anant Chaturdashi falls on September 27. <br /><br />The Navratri festival commences on October 13 with Ghatasthapana and ends on October 22 with Dassera. <br /><br />“The situation would ease only in November with the new arrivals are on expected lines,” sources in NAFED and APMC said. <br /> <br /></p>