Published 17:10 IST, November 17th 2024
Tomato Prices Dropped By 22% in a Month: Centre
Tomato retail prices have declined significantly, falling by over 22% in just a month, due to an improved supply chain, according to Centre.
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New Delhi: Tomato retail prices have declined significantly, falling by over 22% in just a month, due to an improved supply chain, according to a statement from Department of Consumer Affairs on Sunday. As of November 14, average retail price of tomatoes nationwide stood at ₹52.35 per kg, compared to ₹67.50 per kg on October 14.
Key wholesale markets witnessed even steeper declines. For instance, prices in Delhi’s Azpur mandi fell nearly 50%, from ₹5,883 per quintal in October to ₹2,969 per quintal this month, driven by increased arrivals. Similar trends were observed in or major markets like Pimpalgaon, Manapalle, and Kolar.
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recent price decline is attributed to a smoor supply chain and increased arrivals from tomato-producing regions in Maharashtra, Mhya Presh, and Gujarat. Favourable wear conditions have also helped restore supply flow, mitigating disruptions caused by heavy rains in Andhra Presh and Karnataka earlier this year.
months of October and November are crucial for planting in major tomato-producing states, but improved wear and enhanced logistics have stabilized supplies, providing much-needed relief to consumers.
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Department of Agriculture estimates a robust tomato production of 213.20 lakh tonnes for 2023-24, reflecting a 4% increase from 204.25 lakh tonnes in previous year. This stey growth is expected to support long-term price stability.
Despite recent price correction, tomato prices remain significantly higher than last year.
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A report noted a 161% year-on-year increase in tomato prices. ditionally, or essential vegetables such as potatoes and onions have also seen sharp year-on-year price hikes of 65% and 52%, respectively.
report highlighted that vegetable prices reached a 57-month high in October, rising 42% year-on-year, before easing by 4.1% in November. While recent drop offers some respite, consumers continue to grapple with elevated prices compared to 2023 levels.
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17:10 IST, November 17th 2024