Tomato prices in India fell over 22% in a month due to better supply

Published 2024년 11월 17일

Tridge summary

The Department of Consumer Affairs in India has reported a significant decrease in the retail prices of tomatoes by over 22% within a month, from Rs 67.50 per kg to Rs 52.35 per kg as of November 14, 2024. This price drop is largely due to improved supply, with tomato arrivals leading to a nearly 50% decrease in modal prices at Azadpur mandi and similar trends in other benchmark markets. The total annual production of tomatoes is projected to increase by 4% from the previous year, reaching 213.20 lakh tonnes in 2023-24. The fluctuation in tomato prices throughout the year is influenced by adverse weather conditions and logistics disruptions, as the crop is highly perishable and susceptible to weather damages. Currently, favorable weather conditions and a good flow in the supply chain have contributed to the observed price decrease.

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Original content

New Delhi [India], November 17 (ANI): The tomato retail prices witnessed a fall of over 22 per cent in a month due to better supply, the Department of Consumer Affairs said in a release on Sunday. The all-India average retail prices as on 14th November, 2024 was Rs 52.35 per kg which is 22.4 per cent lower than Rs 67.50 per kg on 14th October, 2024. During the same period, the modal prices at Azadpur mandi declined by almost 50 per cent, from Rs 5,883 per quintal to Rs 2,969 per quintal with the increase in tomato arrivals. Similar decline in mandi prices are reported from benchmark markets such as Pimpalgaon, Madanapalle and Kolar. The total annual production of tomato, as per third advance estimate of Department of Agriculture is 213.20 lakh tonnes in 2023-24; a 4 per cent increase over 204.25 lakh tonnes in 2022-23. Even though tomato is produced throughout the year, there is seasonality in the producing areas and the quantum of production. Adverse weather condition and slight ...

Source: Theprint