Wholesale prices of tomatoes dropped to Rs 38 per kilo from the exorbitant Rs 200 per kilo after a gap of over a month at Madanapalle market. The arrival of tomato stocks to the market yards in the Chittoor and Annamayya districts had plummeted to below 100 tons a day in July. However, a gradual increase in the stocks was seen from the first week of this month. The Madanapalle market received 293 metric tons of tomatoes.
According to the marketing officials, the reason behind the drop in prices of tomato is due to an increase in arrivals from the Anantapur district. The prices had jumped from Rs 60 to a whopping Rs 200 per kilo in the wholesale markets within 20-25 days in July due to high temperatures and continuous rainfall. Tomatoes had become scarcer in local markets. Huge demand and poor supply had led to a massive jump in the prices.
[ Rs 100 = €1.10 ]
Source: newindianexpress.com