Tomato prices crash due to oversupply in wholesale market

Source: The Hitavada      Date: 27 Sep 2018 10:42:33


 

Business Bureau,

THE tomato prices have suddenly crashed due to excess supply in the wholesale market. Due to favourable weather conditions and ample rains there has been a bumper crop which has caused oversupply in the markets.


The tomato prices are being quoted at Rs 8 per kg to Rs 10 per kg in the wholesale vegetable market popularly known as the Cotton Market. Announcing this here in the city, Ram Mahajan, Secretary of Mahatma Phule Sabji Fruit Adtaiya Association, Nagpur while talking to The Hitavada on Wednesday said that tomatoes are being supplied in large quantities from major producing areas like Madanapalle near Bangalore and Sangamner near Nashik thereby lowering the prices.


Furthermore, the damaged or spoilt tomatoes are being quoted at Rs 6 per kg in wholesale. Altogether 5 to 6 trucks are supplying the produce at Cotton Market daily. Similarly, an equal number of trucks loaded with tomato’s are landing at Kalamna Market. On a daily average the city consumes about four trucks of tomatoes. The supply has outstripped demand Tomato prices have registered a steep fall from last month’s high of Rs 15 to Rs 20 per kg in wholesale as compared to Rs 8-10 per kg during the past one week. Farmers at major tomato producing places had planted tomatoes in large numbers this season and prices have crashed as bulk supplies are flooding the markets, Mahajan added.

 


 


Cauliflower prices also fall
The crash in prices is not limited to tomatoes alone but can also be witnessed in cauliflower as the local supplies had started from the past one week. Local supplies has flooded the market bringing down the cauliflower prices to Rs 5 per kg to Rs 8 per kg in the wholesale market of the city also known as Cotton Market. This was revealed by Ram Mahajan, Secretary of Mahatma Phule Sabji Fruit Adtaiya Association, Nagpur on Wednesday.


The local farmers had planted cauliflower in large areas this season and prices have declined due to oversupply in the market. Also, timely rains and good climate conditions helped the farmers to get better yield.


Out of the total 150 to 180 tempos coming to the market, about 60 tempos were supplying the cauliflower produce. One and half months ago the cauliflower prices were being quoted at Rs 25 per kg to Rs 30 per kg in wholesale, he said.