Temporal Analysis of Onion Prices in major Markets in India
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Authors
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Amand Rajalaxmi
Consultant, National Institute of Agricultural Extension Management (MANAGE), Hyderabad
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K.C. Gummagolmath
Deputy Director (Monitoring &Evaluation), National Institute of Agricultural Extension Management (MANAGE), Hyderabad.
Abstract
In the last two decades, area and production of onion has increased,extending
into non-traditional areas.However, there is a marginal increase in productivity.
Price analysis of onion revealed that instability of the prices are high in domestic
markets as observed in the last two decades period. On the contrary, in a few
markets, a positive correlation between arrivals and prices of onion is witnessed
indicating the existence of exogenous factors such as more number of traders
operating during harvesting season for hoarding of the stock for onward sale in
other markets. Price analysis of onion also revealed that there is a cyclic trend
of sudden hike in the price of onion. Thus there is a need to curb the exorbitant
price rise of onions by intervention of the government based on supply demand
dynamics. There is also a need for strengthening the marketing information system and increasing of post-harvest management infrastructure for onion to resolve the issues related to onion supply chain in India, being the world’s second largest producer of onion.
References
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Sohan Premi and B R Premi, (2017). Onion Supply Chain Analysis: Constraints and Way Forward.Rural Pulse, Issue: XXI May-June, 2017. NABARD.
