Onion prices in various markets of Madhya Pradesh showed considerable variation on January 20, 2024. This article provides detailed information about the current market prices in the Indore, Mandsaur, and Neemuch markets. Fluctuations in prices were observed due to differences in supply and demand. Let’s take a closer look at the latest onion prices in these three major markets.
Indore Market had the highest supply of onions, with a total of 1,933.08 tons received. Here, the minimum price was ₹198 and the maximum price reached ₹1,559 per quintal, while the modal price stood at ₹200 per quintal. This indicates a significant disparity between demand and supply in Indore. The fluctuations in onion prices in this market could be concerning for both farmers and traders.
Contrast, the supply of onions in Mandsaur Market was lower than in Indore, with only 94.68 tons arriving. The minimum price recorded was ₹100 per quintal, and the maximum price was ₹1,554 per quintal. The modal price was also ₹100 per quintal, suggesting that prices remained relatively stable in this market.
Neemuch Market saw the lowest supply of onions on January 20, with only 11.55 tons received. The minimum price was ₹100 per quintal, while the maximum price reached ₹901 per quintal. The modal price remained at ₹100 per quintal, indicating that there was no significant fluctuation in prices here either.
Conclusion: An analysis of onion prices in Madhya Pradesh’s three major markets—Indore, Mandsaur, and Neemuch—on January 20, 2024, reveals that the most significant fluctuations were observed in Indore, while prices remained stable in both Mandsaur and Neemuch.
