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Huge fall in onion prices in Uttar Pradesh between 08 to 15...

Huge fall in onion prices in Uttar Pradesh between 08 to 15 December 2024

Onion

Analysis of the Drop in Onion Prices, Recently, there has been a notable decline in onion prices in the major markets of Uttar Pradesh. While this news comes as a relief to consumers, it has raised concerns among farmers and traders. Let’s delve into why this change has occurred and what impact it has had.

Detailed Overview of Onion Prices in Uttar Pradesh:

The table below shows the drop in onion prices from 8th December 2024 to 15th December 2024 in major districts of Uttar Pradesh.

Market	Variety	08-12-2024 (₹/Quintal)	15-12-2024 (₹/Quintal)	Price Drop (₹)
Farrukhabad	Red Onion	₹ 3,325	₹ 3,050	₹ 275
Fatehpur	Red Onion	₹ 3,685	₹ 3,170	₹ 515
Shamli	Red Onion	₹ 3,800	₹ 3,700	₹ 100
Sultanpur	Red Onion	₹ 3,800	₹ 3,500	₹ 300
Muzaffarnagar	Red Onion	₹ 3,800	₹ 3,700	₹ 100
Bijnor	Red Onion	₹ 3,670	₹ 3,490	₹ 180
Achnera	Red Onion	₹ 3,340	₹ 3,250	₹ 90
Shadabad	Red Onion	₹ 3,050	₹ 2,950	₹ 100
Awagarh	Red Onion	₹ 3,500	₹ 3,300	₹ 200
Sitapur	Red Onion	₹ 3,600	₹ 3,550	₹ 50
Madhoganj	Red Onion	₹ 3,610	₹ 3,560	₹ 50

Greatest Drop: The biggest decline in prices was observed in Fatehpur, where the price dropped from ₹3685 to ₹3170 per quintal, a difference of ₹515.
Stability: Markets like Sitapur and Madhoganj saw relatively smaller price drops.
Lowest Price: The lowest price of red onions was recorded in Shadabad at ₹2950 per quintal.
Highest Price: The highest price was seen in Shamli and Muzaffarnagar, where onions were priced at ₹3700 per quintal.

Reasons Behind the Drop in Onion Prices:

Excessive Production: The abundance of onion production this year has led to an increase in supply, contributing to the price drop.
Reduced Demand: Onion consumption typically decreases in winter, causing a reduction in demand.
Storage and Distribution Challenges: Delays in timely storage and distribution have forced farmers to sell their produce at lower prices.

Impact of the Price Drop:

Negative Impact on Farmers: The drop in onion prices means that farmers are not getting a fair price for their produce, leading to a decline in their income.
Relief for Consumers: This situation is beneficial for consumers, as they are able to purchase onions at lower rates.
Losses for Traders: Traders are facing losses, as they are unable to sell the onions they bought earlier at higher prices.

Conclusion: The Drop in onion prices in Uttar Pradesh is a cause for concern among farmers. However, it offers relief to consumers. It is essential for the government and private institutions to collaborate and take measures to stabilize the market, ensuring benefits for all stakeholders.