Latest News Market Trend

Tomatoes prices will remain higher for next two months – Report

Tomatoes prices will remain higher for next two months - Report

Excessive rains have resulted in an ongoing increase in vegetable prices, and the cost of tomatoes will remain high for the next two months, according to Research on Friday. The current situation in Karnataka, which is one of the major tomato-growing states in India, is so ‘bleak’ that the vegetable is being shipped from Maharashtra’s Nashik district, according to on-the-ground interactions.

According to Crisil Research, standing crops have been damaged as a result of excessive rains in Karnataka (105% above normal), Andhra Pradesh (40% above normal), and Maharashtra (22%), which are key suppliers during the October-December period.

Also Read: Reasons why Vegetable prices in wholesale, retail markets have risen

Prices have risen 142% as of November 25 and will remain high for two months until harvest from Madhya Pradesh and Rajasthan arrives in markets in January, according to the report.

Tomatoes are currently selling for Rs 47 per kg, and the price will drop by 30% once fresh arrivals begin, according to the report.

In the case of onions, the report stated that transplanting was delayed in the key growing regions of Maharashtra due to deficit rains in August, which delayed arrivals in October, resulting in a 66% increase in onion prices compared to September.

In the case of onions, however, fresh arrivals from Haryana are expected to begin in 10-15 days, bringing prices down.

As per the report, the sowing season for potato, another rabi crop, has been severely impacted by excessive rains in Uttar Pradesh, West Bengal, Bihar, and Gujarat.

The researchers’ on-the-ground interactions suggest that excessive water logging in the fields may necessitate the resowing of potato tubers, increasing farmers’ costs. Prices will be higher for two months if the heavy rains continue, according to the report.

Prices for okra or ladyfinger will begin to fall in the next three weeks, according to the report, which also stated that heavy rains during the sowing and early vegetation stages have harmed production regions such as Andhra Pradesh and Gujarat.

Also Read: Many of the foods we thought were vegetables are actually fruits!

Other vegetables, such as capsicum and cucumber, have also been affected, according to the report. ‘Overall, any short-term relief in vegetable prices will be determined by how it pours from here. Hopefully, as the north-east monsoon retreats, the worst for vegetable prices is over.’ It stated.