Nashik Tomato Prices Drop 50% Amid Supply Surge
1 report, 1 independent
Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Wholesale tomato prices at the Agricultural Produce Market Committee in Nashik dropped from Rs 321 per crate on October 12 to Rs 111 per crate on Monday. This decline followed a surge in supply, with 3 lakh to 3.75 lakh crates arriving daily over the past week. Retail prices in Nashik also fell by an average of 50% in a week, from about Rs 40 per kg to Rs 20 per kg.
From indiatimes.com
Why it matters
The sharp drop in wholesale prices raises concerns among growers who are already facing rising cultivation costs. Retailers noted that if the high supply trend continues, further price corrections are expected in the retail market.
From indiatimes.com
Who's involved
- NashikLocation where the price correction and supply surge occurred
Keep exploring
The entities involved
-
Nashik
city in western India in the state of Maharashtra