Essential commodities could get costlier from Friday | business | Hindustan Times
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Essential commodities could get costlier from Friday

business Updated: Nov 12, 2009 17:21 IST
G Mohiuddin Jeddy

The incessant rains in Maharashtra in the past few days has hit supplies at the wholesale APMC market in Vashi. The situation however, did not matter much on Thursday as left over stock of previous days took care of the demand. Traders are now awaiting reports on crop damage from various parts of the State and the arrivals on Friday to gauge the situation.

Barring tomato, prices of which jumped to Rs 20 kg and onion which rose to Rs 18-20 per kg the prices of other vigetables were not affected in the market.

Said Sanjay Karande, a vegetable wholesale, “Due to the political disturbances in Mumbai and the rains, not many retailers had turned up at the market for purchases. Hence we had a lot of unsold stock. Today with arrivals down by over 50% due to transportation being affected, we have sold all our stock.”

Added Karande, “There was no problem with demand and supply position today.”

Commenting on the effect of rain, Karande said, “Rain the drought affected areas is good news for crops. We are of course waiting for complete information from the farmers.”

Onion crop that was ready has of course been affected. Said Ashok Karpe, an onion trader, “The new ready crop that was to come to the market has been damaged to the extent of 50%. That will affect supplies for sometime.” Added Karpe, “The onion crop just sowed will be helped by the rains though.”

Stated Karpe, “Overall, prices of onions could rise further in a couple of days.”

The retail market wasn’t affected much on Thursday though. Said Rakesh Gupta, a retail vendor at Vashi, “Prices in the retail market has not yet increased as of now as we have enough stock.”

He added, “Let’s see at what wholesale price we get the commodities on Friday and days ahead. That will make the picture clear.”