Retail tomato prices fell by 22.4% in Nov due to increased supplies: Govt
Retail tomato prices fell by 22.4% month-on-month in November, driven by improved supplies across the country, the Consumer Affairs Ministry said on Sunday.
The all-India average retail price of tomatoes dropped to Rs 52.35 per kg as of November 14, down from Rs 67.50 per kg a month earlier, according to an official statement.
In Delhi's Azadpur mandi, modal wholesale prices recorded a steeper decline of nearly 50%, falling from Rs 5,883 per quintal on October 14 to Rs 2,969 per quintal on November 14, due to increased arrivals.
Similar price corrections were observed in key markets such as Pimpalgaon in Maharashtra, Madanapalle in Andhra Pradesh, and Kolar in Karnataka, the ministry noted.
"Though arrivals have subsided at major tomato hubs in Madanapalle and Kolar, prices have eased due to seasonal supplies from Maharashtra, Madhya Pradesh, and Gujarat filling supply gaps across the country," the ministry explained.
India's tomato production for 2023-24 is projected to rise by 4% to 213.20 lakh tonnes.
While tomatoes are grown year-round, production varies seasonally across regions.
The ministry highlighted that the crop's high perishability and vulnerability to adverse weather make prices highly sensitive to disruptions in supply and logistics.
The October price surge was attributed to excessive and prolonged rains in Andhra Pradesh and Karnataka, key producing regions.
October and November mark the main sowing periods in major tomato-producing states. The ministry added that the short cultivation cycle and multiple harvests ensure regular market availability.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
With heavy hearts, devotees bid farewell to Goddess Durga across Northeast
13, including 10 children, die in two separate Durga idol immersion tragedies in Madhya Pradesh
Prez Droupadi Murmu, PM Modi pay tributes to Mahatma Gandhi and Lal Bahadur Shastri on birth anniversaries
Centre orders probe into Tamil Nadu-based cargo firm Wintrack Inc’s charges against Chennai Customs
