Vikrant Shekhawat : Aug 17, 2023, 11:32 PM
Tomato Price: People who are still buying tomatoes at Rs 100 per kg in the country are going to get relief soon. According to the information, a huge drop in the current prices is expected in the beginning of September when the arrival starts from Madhya Pradesh, Andhra Pradesh, Uttar Pradesh and Haryana. According to Sanjay Gupta, Managing Director and CEO, National Commodities Management Services Limited (NCML), since the supply pressure will increase by the end of this month, we expect the prices to come down significantly and reach Rs 30 per kg by mid-September. Will goHow cheap did tomatoes become in government figuresThe all-India average price of tomato has declined from Rs 9,671 per quintal on July 14 to Rs 9,195 per quintal on August 14, according to data maintained by the Ministry of Consumer Affairs. By mid-July, retail prices of tomatoes had gone above Rs 250 per kg in many parts of the country. With fresh crop arriving from Maharashtra and Karnataka, prices are currently ruling at Rs 80-120 per kg in most cities.Tomatoes are coming in the markets from these two statesAccording to Priyanka Chaturvedi, secretary of Jhunnu Agricultural Produce Market Committee in Narayangarh, Maharashtra, tomatoes from Maharashtra and Karnataka started arriving in the markets from the second week of August. Tomatoes are coming from the biggest tomato growing regions Nashik and Kolar. Farmers are also stopping consumption of vegetables and sending large consignments to urban areas.He said that this is helping in controlling the prices. Maharashtra and Karnataka are the only states that produce tomatoes in the off-season, between June and August. While his crops were affected by untimely rains in the beginning of June, later the land was reduced. July rains replenished the lost moisture.Supply of two states is not enoughAccording to Sanjay Gupta, the produce of these two states alone is not enough to meet the needs of the country. The prices are expected to come down further when arrivals start from other states like Madhya Pradesh, Uttar Pradesh, Haryana and Andhra Pradesh by the end of this month. In fact, Gupta expects tomato prices to drop drastically by October due to a bumper crop.Prices will be so lowHe said that I expect the prices to fall by Rs 5-10 per kg in the wholesale markets by mid-October. It is just a loop that keeps repeating itself with horticultural crops. The government is taking several steps to reduce the rising prices.The National Cooperative Consumer Federation (NCCF) and farmers' cooperative Nafed have been selling tomatoes at a retail price of Rs 70 per kg to Rs 90 per kg at several places including Delhi NCR, Bihar, Uttar Pradesh since mid-July. As supplies increased, both NCCF and Nafed reduced the prices further to Rs 50 per kg on 14 August.Inflation increased due to tomatoesThe retail sale of tomatoes in Delhi-NCR started from 14 July. Till August 13, a total of 15 lakh kg of tomatoes were procured by both the agencies. Tomatoes led to a sharp rise in India's core retail inflation, which breached the upper band of the Reserve Bank of India's (RBI) tolerance limit of 2-6 per cent in July to hit a 15-month high of 7.44 per cent. In July, the CPI inflation rate of tomatoes was seen at 200 percent.