The Agriculture Produce Market Committee (APMC) at Lasalgaon is the biggest wholesale onion market in India.
The government earlier in the day lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne, amid ongoing Lok Sabha elections. On Friday night, the government imposed a 40 per cent duty on export of onions.
"There is some hike in the market. Average prices have increased by around Rs 200 per quintal. Farmers will benefit from the decision, but the real impact will be known on Monday when the market reopens," said Balasaheb Kshirsagar, APMC chairman.
Some 200 quintals of the bulb arrived at the APMC during the day, sources said.
The prices were in the range of Rs801, Rs2,551 and Rs 2,100 per quintal, depending on the quality, they added.
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