Onion prices crashed 25 per cent on Monday owing to a sharp increase in arrivals over the last two days in major mandis.
This comes amid bleak export potential because of the vagaries of minimum export prices (MEPs).
In the benchmark Lasalgaon mandi, Asia’s largest spot onion selling market in Nashik, model onion prices slumped Rs 6.50 a kg to trade at Rs 21.50 a kg.
All Agricultural Produce Markets Committee (APMC) mandis in Maharashtra remained closed on Tuesday because of a statewide bandh called by private labourers, who are demanding a wage hike. Thus, model onion prices in Lasalgaon