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After onion, tomato prices soar to Rs 60/kg

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Just weeks after prices finally stabilised in Delhi, prices are seeing a sudden spike. Prices in the retail market reportedly touched Rs 60 per kg in several parts of the city as a rise of Rs 16 was recorded in the best quality in the wholesale market since mid-October.

The good news however is that with the new crop having made its entry into the market, prices are now expected to fall in the coming days.

On October 15, the best quality tomato in the wholesale market cost was Rs 20. Since then, the price went up steadily, touching Rs 36 per kg by November 10. The minimum cost of Rs 10 per kg has remained more or less stable since then. On Monday, however, prices saw a sharp fall in the wholesale market too.”From Rs 800-900 per crate, tomato prices had fallen to Rs 500 per crate and the difference was likely to reflect in the retail market soon,” , general secretary of the vegetable association was quoted as saying.

“There was a gap in demand and supply due to a break between the old and new crop. First there were unseasonal rains, and then a virus spoilt some of the crop. In Bangalore, farmers sold tomatoes for Rs 40 per kg from the field itself. Now new crop has come into the market from Shivpuri, Jaipur, Ahmedabad etc. The rate has also fallen in Pakistan where tomatoes were being imported. In the coming days we see prices coming down substantially,” Malhotra added.