Tomato prices in India plummeted from Rs 300 to Rs 14 per kilo within weeks; analysts warn further dip to Rs 5

In a dramatic turnaround within a few weeks, tomato prices that had recently peaked at nearly Rs 300 per kg have taken a downward plunge, offering some respite to household budgets, but simultaneously raising concerns among farmers.As per a TOI report, in an intriguing twist Akin to a culinary roller coaster, the rates for tomatoes plummeted to a mere Rs 14 per kilogram at the Mysuru APMC market on Sunday, marking a steep drop from Rs 20 the previous day. Meanwhile, in Bengaluru, tomato prices ranged from Rs 30 to Rs 35 per kilo on the same day. Analysts attribute this sudden price decline to a slump in demand across northern states, primarily stemming from the import of tomatoes from neighboring Nepal. Predicting further reductions, experts suggest that wholesale prices might even dwindle to as low as Rs 5 to Rs 10 per kilogram. MR Kumaraswamy, the secretary of Mysuru APMC, underscored the substantial surplus of tomatoes flooding the market as a key factor behind the price fall, ...