Greens lose their sheen: Veggie prices dip in Mumbai due to demonetisation
The absence of currencies has brought down the prices of vegetables and flowers in the city.mumbai Updated: Nov 15, 2016 00:09 IST
The absence of currencies has brought down the prices of vegetables and flowers in the city.
A case in point could be tomato, which is being sold at Rs20 a kg, lower than last week’s Rs25. The price of red chillies has also come down to Rs60 a kg, from the Rs70 before demonetisation.
The rate of onion has dropped to Rs20 a kg from Rs25, while the rate of cauliflower has decreased to Rs60 from Rs65 a kg. The rate of capsicum has come down to Rs30 a kg from Rs40, while the rate of bottle gourd has now come down to Rs20 a kg, from Rs30.
Vegetable vendors have stopped taking Rs500 and Rs1,000 notes. The price of green peas has gone down substantially to Rs 100 a kg.
According to a vegetable seller in Parel, there has also been a decrease in the number of vehicles coming from the APMC market. “There is a significant drop in the stock from the wholesale market,” said the trader.
“Last week, the sales dropped by more than 50 % owing to the cash transactions. It is normalizing now,” said Ashok Valunj, former director, APMC.
The marigold flower is being sold for Rs35 a kg from Rs40.
Adarsh Shetty, president, Indian Hotels Restaurant Association (AHAR), said hotels are being offered discounts by vegetables vendors. “Our business has come down by more than 50%. Our own stock, too, is lying unused,” said Shetty.