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Lasalgaon is a prominent hub for onion cultivation and thus the onion's name is derived from this town, with 99% of its agricultural area dedicated to this crop, engaging over 1,000 farmers. The region's onion market is equally impressive, handling approximately 2.5 lakh tonnes of onions annually.
Lasalgaon has a prominent onion market. Coordinates: 20° 8'27.74"N, 74°13'24.44"E. The onions from Lasalgaon Market are transported to many places in India and exported to many countries in the world [citation needed]. The Bhabha Atomic Research Centre (BARC) processes onions to keep them fresh for a long time. [3]
Vinchur is located near to the Lasalgaon City and state highway Nashik to Aurangabad. One of the biggest MIDC is situated in vinchur near nashik city. Nearest Railway station Lasalgaon is only 5 km from Vinchur. Vinchur is known for grape, onion, sugarcane and vegetables the town is also good for residential and industrial area.
The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". [1] In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on ...
Rank Country/Region Vegetable production (tonnes) 1 People's Republic of China 594,049,398 2 India 141,195,036 3 United States 33,124,467 4 Turkey 25,960,714 5 Vietnam
Foundation stone of an APMC laid down in 1965 by K. S. Puttaswamy, erstwhile Minister of Mysore State. An Agricultural Produce Market Committee (APMC) is a marketing board established by state governments in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels.
The Philippines consumes an average of 17,000 metric tons of onion per month. [7] In August 2022, the country was predicted to experience a shortage of onion and garlic. [8] The price of red onion in 2021 ranged between ₱90 and ₱120. [6]
In December, when fresh crop usually begins to arrive, onion shipments were reduced from 2000 to 3000 tons a day to 700-800 tons a day in New Delhi markets, [5] raising the price of onion from ₹ 35 (42¢ US) to ₹ 88 (US$1.10) per kg in the period of one week. [6] The price on some online portals was significantly lower, about 30-40/kg.