Tomato prices declined by 22% in a month, Centre Reports
Tomato retail prices in India have declined by over 22 per cent in one month, with average retail prices across the country at ₹52.35 per kilogram on November 14 compared to ₹67.50 per kilogram on October 14, as per data available with the Department of Consumer Affairs. The key markets having seen better supplies in recent days have attributed the falling prices to this cue that has brought comfort to the consumers after month-long high prices.
Tomato Prices declined by 22% Due to Improved Supply
Azadpur mandi in Delhi, one of the largest wholesale markets in the country reported a sharp fall in prices: its rate was almost halved to ₹2,969 per quintal from ₹5,883 per quintal, which was reported in mid-October. This was widely replicated in Pimpalgaon, Madanapalle and Kolar on account of increased arrivals to these markets. According to estimates from the Department of Agriculture, tomato production for 2023-24 stands at 213.20 lakh tonnes, this being a 4% increase against 204.25 lakh tonnes of the previous year. Although tomatoes are grown throughout the year, the production level varies based on the seasonal planting cycles. Tomato prices have even soared high in October due to the prolonged rains prevailing in Andhra Pradesh and Karnataka that had reduced crop quality and logistics further. Better supplies from Maharashtra, Madhya Pradesh and Gujarat have checked the spiral growth in prices.
Prices Still Higher Than Last Year
Despite the monthly decline, tomato prices are still much higher year- on-year, rising 161%, according to an ICICI Bank report. While overall vegetable prices eased by 4.1% in November compared to October, essential vegetables such as tomatoes, potatoes, and onions recorded sharp year-on-year increases of 161%, 65%, and 52%, respectively.
Vegetable prices reached a 57-month high at 42% year-on-year, driven by erratic weather conditions and disruptions along supply chains that impacted key areas for vegetable cultivation.
Also Read: International Student's Day 2024: History, Importance, Quotes, and Heartfelt Wishes
Although the current price drop soothes in the short term, issues like climate variability, increasing input costs continue to trouble farm stability. The attention is now shifting from policymakers and stakeholders on measures that ensure consistent supply and stable prices for consumers across India.
