Though onion prices have softened by Rs 20-30 in the last two days, they still stand higher compared to the previous rates.
Onion prices soared to Rs 200 per kg in certain urban centres and hovered around Rs 140-150 per kg at most places. However, farmers are not making money despite the price hike.
CNBC-TV18’s Archana Shukla travelled to Asia’s largest Mandi in Nashik's Pimpalgaon Baswant to understand onion economics. She met agitating farmers who are caught between cycles of overproduction and spoilt crops.
While the all-time high onion prices have made headlines, farmers, who have lost most of their monsoon crop to unseasonal rainfall, are getting a raw deal.
Last year, the Mandi traded 3 lakh quintals of onions in the month of November, while this year, the trade was down to just 76,000 quintals.