Fresh supply brings down vegetable prices by 25%
Bringing respite to traders and households in the city, prices of most vegetables have fallen by nearly 25% over the past one-and-half months at the APMC wholesale market in Vashi, as well as the retail market.mumbai Updated: Nov 22, 2014 00:43 IST
Bringing respite to traders and households in the city, prices of most vegetables have fallen by nearly 25% over the past one-and-half months at the APMC wholesale market in Vashi, as well as the retail market.
Traders said an abundant supply of fresh crop in the wholesale market, coupled with good rainfall in the state, are responsible for the 20-25% decline in prices. In fact, they have predicted a further slides in the weeks to come.
“Suppliers from nearby places, such as Pune, Nashik, Kolhapur and Sangli have been supplying large quantities of vegetables over the past few days. Prices are likely to drop further by the end of November when Gujarat and Rajasthan resume supply of vegetables,” said Ramdas Pawale, a wholesale trader.
Pawle said while last month, 450-500 trucks of vegetables were arriving at the market every day, now 550-600 trucks reach the market. “This is leading to an abundant supply and the subsequent decline in the prices,” he said.
As winter is favourable for vegetables to grow, Pawle predicted a further rise in the production of vegetables, and said it was likely that prices would not go up again till February.
The decline in wholesale prices of vegetables is reflected in retail market too.
“The prices of vegetables have tumbled over the past week. We are getting the stock at a cheaper rate, and hence we have reduced our rates too,’ said Santosh Shinde, a retailer.
First Published: Nov 22, 2014 00:36 IST