Monsoon increases vegetable supply, brings down prices by around 20%
An increase in supply, boosted by regular rain, has led to a drop in the prices of several vegetables. On an average, the price has fallen by around 20%.mumbai Updated: Aug 08, 2013 01:28 IST
An increase in supply, boosted by regular rain, has led to a drop in the prices of several vegetables. On an average, the price has fallen by around 20%.
Vegetables like green peas, cauliflower, carrot, capsicum, tomato are the vegetables that have seen a rise in supply.
"There has been bumper crop in case of a number of vegetables. There is adequate supply and hence the prices have fallen. We expect the prices to remain low for the time being," said Rohidas Dagde, a vegetable wholesaler.
However, Pradeep Gupta, a vegetable retailer in Vashi stated that despite the increase in supply, the quality of vegetables remains inferior, "The supply of vegetables has increased but the quality is not very good. These factors have reduces prices.
He however mentioned that sales, that are currently low, will pick up as the festive season nears. "As the festive season approaches, we are hoping for better business. Most retailers are facing losses as the vegetables are selling cheap and a lot many are rotting early due to the rains."
But onion is a rare exception among other vegetables that have flooded the market. "The last of the onions are virtually exhausted and hence the supplies are decreasing by the day. This has resulted in its shortage," said Mohan Tajana, a wholesaler at the APMC market.
"There is no new stock coming in the market. We are currently receiving onions from Nashik and Pune. Till the new stock arrives in the next two months, the prices will remain high and could increase further," he added.