Onion prices Fallen To Rs 375 a Quintal From Rs 570

Onion prices Fallen To Rs 375 a Quintal From Rs 570 Onion prices continuing their southward trip as large arrivals counterbalance the Centre’s conclusion to reduce the minimum price for export to $350 a tn on Thursday.

“Presently there is pick-up in requirement as well as normal movements of cargo. However large arrivals are pinning costs down,” said Mr Madan Prakash, Director of Chennai-based Rajathi Group which exports onions.

On Friday, the modal cost where many trades happened fallen to Rs 375 a quintal from Rs 570 a week ago at Lasalgaon, Asia’s largest industry for the bulb. Rates fetched through good quality onions, too, decreased to Rs 500 from Rs 650.

Arrivals continuing to flood the markets with 2,364 tn striking Lasalgaon on Friday. Inflow in to Lasalgaon all over this week was more than 1,500 tn. In near by Pimpalgaon, arrivals topped 3,000 tonnes on Monday, while in Pune inflows were above 2,000 tonnes this week.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Intraday Trading

Intraday Trading This site provide intra tips  Subscribe For Indra day F&O – Shart term investment  Tips   Every trader is tempted about how Intraday trading can be carried ...…

Online Stock Trading Guide

Online Stock Trading Guide Online stock trading is becoming very popular in the current time when you only requirea trading account and following that you could buy and sell ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

4 Blunders To Avoid While Stock Markets Fall

4 Blunders To Avoid While Stock Markets Fall The current outlook on the market seems utmost pessimistic on concerns of High crude oil prices, inflation, high interest hurting corporate earnings etc. Analyst on ...…

Bad Delivery

Bad Delivery Designation implying that a security doesn't fulfill all of the needs or have all the required endorsements to permit the certificate to be transferred to ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics