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Tomato Prices Plunge To Rs. 4/Kg On Supply Crunch

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As per the government data, amid supply crunch, prices of tomato in most producing states have come crashing down to Rs. 4 per kg. Furthermore, as per the data monitored by the centre, prices of tomato in 23 growing centres have halved from the year-ago period or are below three-year seasonal average.

 
Tomato Prices Plunge To Rs. 4/Kg On Supply Crunch

At present, tomato crop of the early kharif season of the 2021-22 is being harvested. The tomato prices in Dewas in MP- the country's top tomato producing state tumbled to Rs. 8 per kg on August 28 from Rs. 11 in the year-ago period. Likewise, wholesale prices in Jalgoan in Maharashtra fell by a huge 80% to Rs. 4 per kg on August 28.

"Prices have come under pressure in key growing states because of the supply glut. The tomato crop has been good owing to favourable weather," National Horticultural Research and Development Foundation (NHRDF) Acting Director P K Gupta told PTI.

He is of the view that tomato production shall improve from the early Kharif season and if food companies come to their rescue farmers will be saved further from falling prices. Undoubtedly, fair weather conditions have boosted the production of the crop, nevertheless farmers' tendency to sow the crop i.e. performing or commanding a higher price at the time of sowing-has also benefitted the crop.

GoodReturns.in

Read more about: tomato commodity
Story first published: Tuesday, August 31, 2021, 14:57 [IST]
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