Bangladesh unrest sends tomato prices down in South India

Published Aug 21, 2024

Tridge summary

Tomato prices in Bangalore, India have dropped significantly due to a decrease in exports from the Kolar district to Bangladesh, which is experiencing political unrest. This has negatively impacted local farmers and traders, with outstanding payments from Bangladeshi traders estimated to be around Rs 400-500 million. Additionally, India's agricultural sector is expecting vegetable prices to rise due to heavy rains that are causing crop spoilage. The Nayakanahatti region has been particularly affected by the excess moisture.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tomato prices in Bangalore (the capital of Karnataka state in southern India) have plummeted from nearly Rs 100 to Rs 10-20 per kilogram due to political unrest in Bangladesh. As EastFruit writes, the situation in Bangladesh has caused a sharp decline in tomato exports from Kolar district, a key supplier of Bangalore tomatoes, to Bangladesh, which has had a negative impact on local farmers and traders. Previously, 800 to 1,000 tons of tomatoes were exported to Bangladesh, but this figure has dropped sharply to 50-60 tons in recent weeks. Traders have faced a decline in demand, which has affected market dynamics and financial stability, with outstanding payments from Bangladeshi traders amounting to Rs 400-500 million, FreshPlaza reports. Read also: Indian government to buy 500,000 tonnes of onions to stabilise market prices Meanwhile, India's agricultural ...

Source: Eastfruit