Onion and Sweet Potato Prices in Belagavi
The Agricultural Produce Market Committee (APMC) market in Belagavi is witnessing a significant drop in onion and sweet potato prices due to an oversupply of produce. This has raised concerns among farmers, as an influx of crops from neighboring states like Maharashtra has exceeded the local demand.
For more details : https://timesofindia.indiatimes.com/city/hubballi/onion-sweet-potato-prices-drop-in-belagavi-due-to-high-supply/articleshow/116861814.cms
Current Trends in Onion and Sweet Potato Prices
- Onion Prices in Belagavi: ₹1,000–₹3,000 per quintal
- Sweet Potato Prices in Belagavi: ₹1,500–₹2,000 per quintal
In comparison, sweet potatoes fetched up to ₹3,500 per quintal in November 2024.
Reasons for Falling Prices of Onions and Sweet Potatoes
Belagavi district grows onions on 4,100 hectares and sweet potatoes on 1,650 hectares. However, additional supply from Maharashtra’s Chandgad region and other neighboring areas has created a supply glut. Untimely rains, inadequate storage facilities, and the influence of middlemen have further impacted the prices.
Belagavi APMC Market Supply Statistics
- Last year, 3.6 lakh quintals of sweet potatoes were supplied to APMC over 12 months.
- This year, over 2 lakh quintals have arrived between April and late December.
Expert Comments on Onion and Sweet Potato Price Fluctuations
K.H. Guruprasad, Secretary of Belagavi APMC, explained that price fluctuations are natural and depend on market supply. He assured that prices are likely to stabilize over time.
Farmers hope for better market conditions as they navigate the challenges posed by oversupply and fluctuating prices.
Read also : Massive ₹100 Crore Microfinance Fraud Affects 15,000 Women in Belagavi
