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LATEST NEWS UPDATES | 'Tomato prices likely to decline in next 15 days'

'Tomato prices likely to decline in next 15 days'

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published Published on Jul 30, 2017   modified Modified on Jul 30, 2017
-PTI

New Delhi: Tomato prices, which have skyrocketed up to Rs. 100/kg, are more likely to decline over the next fortnight as supplies from southern and other growing states are expected to improve, said a senior ICAR official.

Retail tomato prices have gone through the roof for more than a month now in most parts of the country and are still ruling high up to 100 per kg, as per the Consumer Affairs Ministry data.

Tomato prices in metros were ruling at Rs. 95/kg in Kolkata, Rs. 92/kg in Delhi, Rs. 80/kg in Mumbai and Rs. 55/kg in Chennai on June 29, as per the Ministry data.

The prices were ruling at Rs. 95/kg in Lucknow, Rs. 90/kg in Bhopal and Thiruananthapuram, Rs. 65/kg in Ahmedabad, Rs. 60/kg in Jaipur, Rs. 60/kg in Patna and Rs. 55/kg in Hyderabad.

The rates in producing centres have also gone up sharply. For instance, tomato is being sold at Rs. 83/kg in Shimla and Rs. 75/kg in Bengaluru. The prices vary depending on the variety and quality. In the year-ago period too, tomato rates had gone up to Rs. 65/kg but it had not hit this high.

“As per personal assessment, I expect prices to come down in the next 15 days. Supplies from southern states and other growing areas are likely to improve,” Indian Council of Agricultural Research (ICAR) Deputy Director General (Horticultural Science) A K Singh told PTI.

As rains recede, supplies from southern states like Andhra Pradesh, Telangana and even Maharashtra will improve, which will ease the pressure on prices, he said.

Singh said that heavy rains in Madhya Pradesh and Rajasthan and other growing states have caused some damage to the crop. Even the crop that is harvested has not been able to reach the market on time due to transportation woes.

That apart, the cost of transporting the produce to the main mandis has gone up as it takes more than the normal time for the trucks due to rains and floods, he added.

The Delhi-based Tomato Merchant Association (of Azadpur mandi) President, Ashok Kaushik, said transportation cost has gone up due to more time involved in getting the produce in rainy season. However, the supplies are expected to improve in the next 2 weeks.

“We have talked to traders in Karnataka, Andhra and Maharashtra. Harvesting is in progress and we hope rains to recede and trucks reach on time,” he said.

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The Hindu Business Line, 30 July, 2017, http://www.thehindubusinessline.com/economy/agri-business/tomato-prices-likely-to-decline-in-next-15-days/article9794083.ece?homepage=true


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