Business
Tomato price touches Rs 200/kg in TN as rain hits crop in K'taka, Andhra
Chennai, July 30
There seems to be no respite for the people from the rising prices of tomatoes in Tamil Nadu as the wholesale price of the vegetable touched Rs 200 per kilogram in the state capital and many towns on Sunday.
The shortage of the product in the Koyambedu wholesale market in Chennai has led to the spiraling price rise of tomatoes.
P.V. Ahmad, a wholesale vegetable dealer in Koyambedu market while speaking to IANS said, “There is a shortage in the arrival of tomatoes from Karnataka and Andhra Pradesh due to the heavy losses in crop due to intermittent rain in these states. Heavy rain has led to a total loss of crops and hence the shortage in the arrival of tomatoes. This has led to the hike in prices of tomatoes in the market.â€
Traders also said that the price is likely to rise into Rs 250 / kg in a week's time
P. Sukumaran, secretary of the Koyambedu Wholesale Merchants Association, while speaking to IANS said, "This is the first time since the opening of this market that the price of tomatoes has touched Rs 200 per kilogram. This is unprecedented.
"We were expecting the rates to get steady by July 20 but sudden rain has led to the loss of crops and more than 50 per cent of tomatoes cultivated in Andhra and Karnataka have been lost due to the rain.â€
While the wholesale market was selling tomatoes at Rs 200 per kilogram, in certain retail shops, tomatoes were sold at Rs 185 per kilogram.
Kuppusaamy, a vegetable seller in Pammal, Chennai told IANS, “We are selling tomatoes at less than the rates that we buy as we want to avoid wastage.â€
The sale volume has also decreased drastically and people are not buying tomatoes and instead focusing on other vegetables.
4 hours ago
Hema Malini, daughter Esha Deol seen with folded hands after Dharmendra’s cremation
4 hours ago
Ajay Devgn pays emotional tribute to late Dharmendra: Lost someone who shaped the very soul of our cinema
4 hours ago
Manish Malhotra mourns the death of Dharmendra: Huge loss to Indian cinema
4 hours ago
Kajol mourns Dharmendra’s loss: The OG of the Good Man is gone
4 hours ago
Indian team leaves for Santiago for Women’s Jr Hockey World Cup
4 hours ago
Pranjali Prashant Dhumal bags 25m pistol gold in Deaflympics
4 hours ago
World Tennis League announces star-studded lineups ahead of India debut
4 hours ago
2nd Test: Washington-Kuldeep take India to 174/7, but follow-on cloud looms large for India
4 hours ago
PM Modi congratulates India’s World Boxing Cup Finals medal winners
4 hours ago
PM Modi congratulates Team India for Women’s Blind T20 World Cup win
4 hours ago
Indian firms lead AI optimism globally, 93 pc expect positive returns in 3 years
4 hours ago
India's capex landscape reflects signs of optimism so far this fiscal: Report
4 hours ago
Gold prices slide 1 pc on MCX as Fed Rate cut hopes fade
