Tomato Prices Likely To Decline In Next 15 Days
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 data maintained by the consumer affairs ministry.
Â
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. In other centres, tomato was sold 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 in the said period, the data showed.
Â
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.
Â
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.
Â
"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.
Â
As rains recede, the supplies from southern states like Andhra Pradesh, Telangana and even Maharashtra will improve, that will ease pressure on prices, he said. Singh said that heavy rains in Madhya Pradesh and Rajashtan and other growing states have caused some damage to the crop. Even the crop that is harvested has not been able to reach market on time due to transportation woes.
Â
That apart, the cost of transporting the produce to the main mandis has gone up as trucks are taking more than the normal time due to rains and floods, he added. The Delhi-based Tomato Merchant Association (of Azadpur mandi) Ashok Kaushik said transportation cost has gone up due to more time involved in getting the produce in rainy season.
Â
However, the supplies are expected to improve in 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.
Â
The supplies have been hit badly in the national capital as the crop in neighbouring states has been damaged due to heavy rains followed by heat. The supplies from Haryana have stopped as the harvesting
in the state has been completed early and the current arrival in the market is from Shimla, Himachal Pradesh, he said.
Â
While the government has pegged the country's total tomato output to be higher by 15 per cent to 187 lakh tonnes in the 2016-17 crop year (July- June), but it is more likely that the output figures could be revised after assessing the current damage.
Â
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.