tomato costs: Tomato costs plummet from Rs 300 to Rs 14 per kilo inside weeks; Analysts warn additional dip to Rs 5

As per a TOI report, in an intriguing twist akin to a culinary curler coaster, the charges for tomatoes plummeted to a mere Rs 14 per kilogram on the Mysuru APMC market on Sunday, marking a steep drop from Rs 20 the day past. In the meantime, in Bengaluru, tomato costs ranged from Rs 30 to Rs 35 per kilo on the identical day.

Analysts attribute this sudden value decline to a droop in demand throughout northern states, primarily stemming from the import of tomatoes from neighboring Nepal. Predicting additional reductions, specialists recommend that wholesale costs may even dwindle to as little as Rs 5 to Rs 10 per kilogram. MR Kumaraswamy, the secretary of Mysuru APMC, underscored the substantial surplus of tomatoes flooding the market as a key issue behind the value fall, highlighting the constant influx of round 40 quintals of tomatoes.

As per TOI report, Immavu Raghu, the final secretary of Karnataka Rajya Raitha Sangha, has issued a plea to the federal government, urging rapid intervention to stabilize not solely tomato costs but additionally costs of different greens. He informed TOI that the manufacturing price of tomatoes is roughly Rs 10-12 per kilogram, with an extra Rs 3 required for packaging and transportation. Expressing his issues, Raghu mentioned, “If farmers are receiving a mere Rs 14 per kilogram, the potential for substantial losses looms massive. A recent method to deal with the complete means of procurement, packaging, storage, and sale of greens is crucial.”

As the costs of tomatoes fluctuate dramatically, shoppers expertise a sigh of aid whereas farmers face an uphill battle to safe viable incomes.