Onion

On March 30, 2024, onion prices across major markets in Uttar Pradesh fluctuated, influenced by varying arrivals and market dynamics. This report provides a detailed analysis of onion prices and arrivals in the markets of Azamgarh, Barabanki, Bareilly, and Basti, offering valuable insights for both consumers and traders.

Azamgarh Market: Azamgarh, the total arrival of onions was 142.5 tons. The minimum price for red onions was ₹1,700 per quintal, and the maximum price reached ₹1,850 per quintal. The average (modal) price stood at ₹1,775 per quintal.

Barabanki Market:

Barabanki, 105 tons of onions were recorded in the market. The minimum price was ₹1,840 per quintal, and the maximum price touched ₹1,940 per quintal, with an average price of ₹1,890 per quintal.

Bareilly Market

Bareilly saw an arrival of 125 tons of onions. The minimum price here was ₹1,625 per quintal, and the maximum price was ₹1,700 per quintal. The average price was ₹1,670 per quintal, slightly lower than other markets, likely due to higher supply.

Basti Market: Basti witnessed a total onion arrival of 41.5 tons, which was comparatively lower than other markets. The minimum price was ₹1,730 per quintal, and the maximum price was ₹1,830 per quintal. The average price stood at ₹1,780 per quintal, similar to the rates in Azamgarh, but prices remained steady due to limited supply.

Suggestions for Traders:

• Timing is Key: Traders should carefully analyze market arrivals and seasonal factors to time their purchases effectively.
• Compare Market Rates: Comparing prices across different markets can help traders secure better profits.
• Focus on Storage: Proper stocking and storage of onions can help traders take advantage of higher prices during periods of increased demand.