Onion, tomato prices to fall soon: Paswan

Image
IANS New Delhi
Last Updated : Oct 31 2017 | 7:32 PM IST

Blaming the hoarding of agricultural commodities for the surge in onion and tomato prices in retail markets, Food Minister Ram Vilas Paswan on Tuesday promised that the situation will improve once fresh supply begins.

"It is a matter of days. As fresh supply of onion and tomato starts from early November, the prices will come down," he told the media at an event organised here to mark the birth anniversary of Sardar Vallabhbhai Patel.

Paswan said the traders had adopted a different method to escape raids for hoarding farm produce.

"Traders have become very smart. They purchase produce from farmers but do not take it along with them. They leave it with the farmers. So whenever they are raided, nothing is found. Farmers cannot be raided. It will lead to an uproar," he said.

In Delhi, retail prices of tomato rose to Rs 80 a kg on Tuesday though the Department of Consumer Affairs data indicated it to be Rs 53 per kg. A month ago, tomato was sold at Rs 40 per kg.

Similarly, onion prices spiralled from Rs 30 a kg a month ago to Rs 51 a kg on Tuesday.

The prices of almost all vegetables are expected to come down once fresh supply to the National Capital Region starts from Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat and Andhra Pradesh.

--IANS

spk/amit/mr

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Oct 31 2017 | 7:22 PM IST

Next Story