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Onion prices fall with good start to monsoon rain, rally expected from September

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By NewsGram Staff Writer

After a satisfactory start to the monsoon, lower overseas demand due to Ramadan and rumours about imports from Pakistan, onion prices declined last week.

Prices fell even before the government increased the minimum export price to $425 (Rs 26,968) a tonne on Friday to discourage exports.

The increase in the minimum export price (MEP) makes onions almost on par with rates overseas.

Average monthly wholesale onion prices at Lasalgaon agriculture produce market committee (APMC) in Nashik district had increased to Rs 16/kg in June from Rs 12/kg in May.

However, wholesale onion prices dropped by Rs 2/kg over the past 10 days mainly due to a decline in exports due to Ramadan and the timely arrival of rains.

The major kharif onion growing states of Maharashtra, Karnataka, Gujarat and Rajasthan have received good rainfall.

“For the first time, the ministry has taken into consideration the prevailing export price for fixing MEP. Considering the export price of about Rs 20/kg and other costs like transport, the hike in MEP is reasonable,” a government official told ET.

The past year’s good prices may encourage onion farmers to stay with the crop. Farmers received an average of Rs 13/kg during the past one year. Timely sowing will also mean that the kharif crop will come to the markets on time and stored stocks will start dwindling.

The condition of the early sown crop in small pockets of Karnataka and Andhra Pradesh is reported to be good.

“Onion situation looks to be under control now as compared to what we were expecting two months ago,” said Ajit Shah, chairman of the Onion Exporters’ Association.

Another reason for the decline in prices at Lasalgaon was a rumour that spread on the WhatsApp messaging service about onions being imported from Pakistan.

A section of traders believes that a rally in onion prices is inevitable this year.

“Wholesale onion prices will hit Rs 35/kg to Rs 40/kg in September-October,” said a wholesaler from New Delhi.

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This Exhibition Captures A City’s Colours During Monsoon

The West Bengal-born artist has participated in 16 international group art exhibitions.

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Artist Purnendu Mandal At Indian Habitat Centre.

With some of them almost a photographic reflection of daybreak after rain, artist Purnendu Mandal’s canvasses — currently on exhibition at Triveni Kala Sangam here — are a deluge of vivid warm colours that capture a city’s landscape after rain.

“It is almost like looking outside a window, but through a work of art,” Mandal told IANS.

Mandal’s 15 acrylic- and oil-on-canvass artworks – collectively titled “Reflections 3” – document the subtleties of urban life during the rains — first light in a city, storms, rickshaw-pullers and bus drivers resuming activity after a rainy day, and building silhouettes reflecting in the water-filled puddles.

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Purnendu Mandal’s Work

Also included are visual effects of the monsoon like rain drops, fog, wet climate, reflections in water and shades of dampness.

To that extent, “Good Morning Kolkata” (2018), a painting of a tram on a damp Kolkata street, with old buildings and bundles of electric wires adding to the realistic depiction, reflects a day in the city as one would experience it.

For Mandal, it is about making his canvasses a literal window to the seasonal changes a city undergoes.

“I try to paint cities season-wise. This exhibition shows the beauty of a city after and during the monsoon,” Mandal told IANS.

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Purnendu Mandal’s Exhibition’s Invite. Available on his social media

Mandal’s impressionistic style revolves around cities and seasons and his rich repository of art has been exhibited around the world.

Also Read: Save Skin During Monsoon, Avoid Smokey Eyes

“Thus, the current exhibition has scenes from Varanasi ghats, and Kolkata’s and Mumbai’s urban life,” he added.

The West Bengal-born artist has participated in 16 international group art exhibitions in Indonesia, UK, USA, UAE, Thailand, Taiwan, Bangladesh and Nepal, in addition to showcasing his work at Indian galleries including Jehangir Art Gallery, Nehru Centre Art Gallery, Lalit Kala Akademi, AIFACS Gallery, Triveni Art Gallery, Chemould Art Gallery, and Chitra Kala Parishath. (IANS)