Hindustantimes wants to start sending you push notifications. Click allow to subscribe

Tomato prices skyrocket in south Indian states, report says prices to remain high for two months

The report says that prices rose as much as 142% in the last week of November and will continue to remain so for the upcoming two months.
A trader counts money at a vegetable wholesale market in Hyderabad(AFP)
Published on Dec 07, 2021 11:10 PM IST
Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi

Tomato prices skyrocketed in several south Indian states on Tuesday owing to the heavy rains. Tomato prices were as high as 120/kg in Kerala while the vegetable was priced at 90/kg in Chennai and 70/kg in Bengaluru.

A PTI report on Tuesday showed that tomatoes cost higher in several cities of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh. The consumer affairs ministry last month said that prices will soften in December but unseasonal rains in several southern states as well as in Punjab, Uttar Pradesh, Haryana and Himachal Pradesh earlier in September has led to crop damage and delay in arrival.

The ministry also warned that tomato prices are highly volatile. “Any slight disruption in supply chain or damage due to heavy rains result in spurt in prices,” the ministry said.

However, a report from Crisil Research says that the tomato prices will remain elevated for two more months with prices to fall after harvest from Madhya Pradesh and Rajasthan starts reaching the markets come January.

RELATED STORIES

The report says that prices rose as much as 142% in the last week of November and will continue to remain so for the upcoming two months. The report that lack of rains in August delayed transplanting in the key regions where the vegetable is grown which in turn delayed arrivals leading to a price increase earlier in October.

The report says that tomato prices will lower by 30% as soon as fresh stocks arrive.

“The prices of not only tomatoes but also of other vegetables have increased to over 80-90/ kg due to rains,” a customer speaking to ANI in Chennai said. “Recurring rains have affected tomato rates, which have now increased to 70/kg. The prices of other vegetables such as cauliflower, pointed gourd, coriander, ladyfinger and onion too have witnessed a hike,” another customer Indresh speaking to the news agency in Bengaluru said.

SHARE THIS ARTICLE ON
Topics
Start 15 Days Free Trial Subscribe Now
This site uses cookies

This site and its partners use technology such as cookies to personalize content and ads and analyse traffic. By using this site you agree to its privacy policy. You can change your mind and revisit your choices at anytime in future.

OPEN APP