Respite for consumers as tomato prices drop to ₹50 a kg in Madanapalle

The prices are expected to drop even further by the month-end, says official

Published - August 10, 2023 07:26 pm IST - MADANAPALLE

On Thursday, the Madanapalle market received 395 tonnes of tomatoes, according to sources.

On Thursday, the Madanapalle market received 395 tonnes of tomatoes, according to sources. | Photo Credit: SPECIAL ARRANGEMENT

In a respite for the consumers, after a gap of more than one month, the wholesale prices of tomatoes, on Thursday, dropped to ₹50 from the exorbitant ₹240 a kg last month, at the Madanapalle tomato market.

The wholesale price of the first-grade variety ranged between ₹50 and ₹54 per kg, while that of the second-grade variety was ₹48. The third-grade variety, which generally makes its way to the majority of the domestic vegetable markets in Chittoor and Annamayya districts, was sold at a wholesale price of ₹35-40 a kg.

The arrival of tomato stocks to the market yards in the two districts had plummeted to below 100 tonnes a day in July. However, a gradual increase in the stocks was seen from the first week of this month. On Thursday, the Madanapalle market received 395 tonnes of the vegetable, according to sources.

Horticulture officials said that the crop fields in and around Madanapalle are now abuzz with the kharif crops, and some farmers have started reaping the new batches. “In the coming days, the tomato stock is expected to increase, and by month end, the tomato prices are expected to drop further,” an official said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.