Onion trading resumes in Nashik

September 18, 2017
Businness Line


Onion auctions at Lasalgaon and other markets in Nashik resumed on Monday after last week’s strike by traders.
As a mark of protest against the Income Tax Department raids on large onion traders in Lasalgaon in Nashik, the trading community had stopped participating in the auctions from Thursday afternoon. They were also protesting against the coercive measures being adopted by State Government for preventing hoarding of onions by the traders.

Bearish trend
Jaydutt Holkar, the Chairman of the Lasalgaon Agriculture Market Committee (APMC), said that the trading has resumed after assurances from the District Collector that no coercive action would be taken against the traders. However, the market sentiment remained bearish with prices in the range of ₹1,200 to ₹1,300 quintal (100 kg), he said.

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