Tomato prices to cool soon: Centre

Tomatoes image via Shutterstock
<a href="http://www.shutterstock.com/pic-61779895/stock-photo-close-up-of-fresh-red-tomatoes-still-on-the-plant.html" target="_blank">Tomatoes</a> image via Shutterstock
BS Reporter New Delhi
Last Updated : Nov 18 2015 | 1:10 AM IST
The Centre on Tuesday said the spurt in tomato prices seen in the last 10 days was mainly due to disruption of supplies from the south due to heavy rains in Tamil Nadu. The prices would come down in the next few days, it said.

In a statement, the government said it had decided to hold a high-level meeting on Wednesday to review the prices of all essential commodities, including pulses and onions. "The arrival of new crop of tomatoes is expected to further ease prices."

Onion prices, too, have seen an increasing trend in the past month. But the prices would ease soon as the new crop was due to arrive in the market.

Tomato prices increased to Rs 62 a kg in Delhi from Rs 41 a month ago. Average prices across major cities rose to Rs 50 a kg from Rs 30 a month ago. In Tamil Nadu and its adjoining markets, prices zoomed to over Rs 100 a kg due to poor supplies from neighbouring states.

"There is a moderate increase in prices during September-December due to a demand-supply mismatch. The government is working closely with state governments to ensure that quick action is taken to prevent any abnormal increase in prices and to ensure adequate availability of essential commodities," the statement said.

The government said onion prices increased to Rs 37.52 a kg from Rs 36.82 a week ago. Similarly, tomatoes were being sold at Rs 43.18 a kg Rs 35.23 a week ago.

Among pulses, arhar dal prices have risen to Rs 151.67 a kg from Rs 149.91 while urad dal rates have gone up to Rs 141.47 a kg from Rs 137.06 a week ago, the statement said.

Some traders at Azadpur Mandi also expressed hope that the wholesale prices of tomato will decline soon after supplies pick up. "Tomato supplies have come down sharply in the last week or so due to vacation during the festive season and as a result prices have shot up in the market," said Subhash Chuk, a trader at Azadpur mandi.

Chuk said the high quality tomatoes in the wholesale market were today selling at Rs 20-25 per kg, less than yesterday's price of Rs 30-35 per kg.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 18 2015 | 12:40 AM IST

Next Story