Business / Crisis research says tomato prices may countinue to rise

Business | CRISIL Research on Friday said that due to more incessant rains, prices of vegetables have risen and tomato prices may remain elevated for the next two months. Describing the ground situation, Crisil has said that the situation in Karnataka, one of the major tomato growing regions, is so 'serious' that the vegetable is being shipped from Nashik in Maharashtra.

CRISIL Research said that during the October-December period, the major supplier states, Karnataka (105 per cent above normal), Andhra Pradesh (40 per cent above normal) and Maharashtra (22 per cent above normal) received excess rainfall due to standing crops. has suffered damage. These are the major supplier states. It has said that the prices have increased by 142 per cent till November 25 and the prices will remain high for two more months till the harvest starts from January from Madhya Pradesh and Rajasthan. At present, tomato is selling at Rs 47 per kg and the price will come down by 30 per cent once fresh arrivals start, the agency said.

In the case of onions, the report said that deficient rains in August delayed transplanting in major growing regions of Maharashtra, leading to a delay in arrivals in October. This led to an increase of 65 per cent in onion prices as compared to September. However, in case of onions, fresh arrivals from Haryana are expected to start in 10-15 days, leading to a fall in prices.

The sowing season of potato, another Rabi crop, has been badly affected due to excessive rains in Uttar Pradesh, West Bengal, Bihar and Gujarat. According to researchers in conversations with local farmers, excessive waterlogging in fields can lead to resowing of potato tubers, which can increase the cost of farmers. If the heavy rains continue, prices will be higher for two more months.

It has said that okra prices will start coming down in the next three weeks. CRISIL said production has been affected due to heavy rains during sowing and early vegetative phase in growing areas like Andhra Pradesh and Gujarat.

It said that production of other vegetables including capsicum and cucumber has also been affected. According to the report, "It is expected that after the withdrawal of the north-east monsoon, the worst phase of vegetable prices may end." Language Rajesh Rajesh Raman