Mumbai, July 28: After whopping rise in tomato prices, rates of onions have also gone up across the country. According to Department of Consumer Affairs data, retail prices of tomato have gone from about Rs 20 per kilogram to Rs 70 per kilogram in just over a month. Similarly, model prices of onions at Lasalgaon — the country’s largest wholesale market — rose to Rs 1,250 per quintal on Friday, from its earlier low of Rs 450 per quintal last week. While the prices of tomatoes have touched Rs 90-100 per kilogram because of shortage, rates of onions rose because of good demands.
However, retail prices of tomatoes cooled down by about 20 per cent in most parts of Maharashtra except Mumbai on Thursday, but people may have to wait for cheaper tomatoes till mid-August. The fresh arrival of tomatoes from Nashik and Bangalore will further slash the rates in coming two weeks. “Prices declined mainly due to quality of the vegetable,” Chetan Rukari, secretary of Junnar APMC told Economic Times. But if quality improves and shortages continue, prices may rise again, said traders.
When it comes to rise in prices of onions, market insiders blame flood situation in Gujarat and Rajasthan that have increased demand from Maharashtra. Prices of onions are rising and may continue to be high till November when the next crop arrives, market officials said.
According to a report of Financial Express, model prices of onions touched Rs 1,250 per quintal on Friday while prices were Rs 1,000 per quintal on Thursday and Rs 911 per quintal on Wednesday. Prices have almost doubled because of good demand from other states, Jaydutt Holkar, chairman, Lasalgaon Agriculture Produce Market Committee (APMC) pointed out.
Prices of some food items like tomato, onion, potato and rice have gone up in recent months because of supply-demand mismatch following adverse weather conditions among other issues, Minister of State for Food C R Chaudhary informed Parliament on July 25. “A few food items like rice, gur, potato, onion and tomato recorded an increase,” Chaudhry said. The minister attributed the increase in prices of some food items to “demand-supply mismatch owing to shortfall in production due to adverse weather condition, seasonality, increase in transportation costs and supply chain constraints,”
According to traders, once tomato arrival from Nashik as well as Bangaluru region will gather pace, the prices will come down. “Market will begin to cool down now as tomatoes from Nashik belt will start coming to the market,” Abrar Pathan, a trader currently based in Narayangaon was quoted as saying.