Prices of tomato, onion rise up to 50% despite normal supply

Prices of tomato, onion rise up to 50% despite normal supply
PTI
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First Published: Sun, Jul 12 2009. 03 32 PM IST
Updated: Sun, Jul 12 2009. 03 32 PM IST
New Delhi: The wholesale prices of key vegetables like tomato and onion are ruling higher by up to 50% from last year in the national capital despite normal supply of these items.
In Azadpur, the country’s largest wholesale market, tomato prices have increased by 50% to Rs20 a kg on 10 July compared with Rs13.33 per kg on the same day last year, even though its supply was higher at 4,045 quintals against 3,345 quintals in the review period, according to data collated by the Delhi Agricultural Marketing Board (DAMB).
Similar trend was seen in onion prices, which rose to Rs10.75 a kg on 10 July from Rs7.50 a kg in the year-ago period. Onion supply in the Azadpur mandi on 10 July was higher at 13,229 quintals, while on the same day last year it was 10,044 quintals.
Prices of carrot, bottle gourd, carrot, cucumber, garlic and pumpkin have also increased though supplies of these items were normal in the wholesale market.
Delhi Agriculture Produce Marketing Committee chairman J K Bansal said that the supply-demand mismatch is reflecting in prices.
However, a leading trader at Azadpur said: “An increase in prices of few vegetables has impacted across the board. There is poor arrival of three or four vegetables only”.
An agri-expert Devender Sharma noted that “there is no concrete reason for a rise in vegetables prices. The reports of late monsoon has boosted sentiment of traders to hike the prices.”
There may be short supply in some vegetables but not all, he added.
A rise in the wholesale prices was also reflected in the retail market, where onion prices have shot up by 40% to Rs14 a kg during the review period.
However, the data showed a shortage of supply in vegetables like potato, lady’s finger, capsicum, coriander and green chilli.
In a retail chain in West Delhi, prices of cauliflower are ruling at Rs60 a kg, tomato Rs30, potato Rs18, onion Rs15, lady’s finger Rs25, cabbage Rs25, bitter gourd Rs29, cucumber Rs28, beans Rs48, bottle gourd Rs36, brinjal Rs18, capsicum Rs50, and pointed gourd Rs23 a kg. The prices were ruling even more higher at local vendors.
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First Published: Sun, Jul 12 2009. 03 32 PM IST
More Topics: Vegetables | Markets | Prices | Supply | Inflation |