Tomato farmers are facing a double blow as drought conditions coincide with a sharp fall in prices at Pimpalgaon APMC, one of India’s largest wholesale tomato markets. Prices have plunged nearly 65% in a week to Rs 111 per 20-kg crate amid excess supply and weak demand, as per a report by The Times of India.
On the retail front, the kitchen staple was selling for Rs 20 per kg in Nashik on Monday as compared to about Rs 40 per kg a week earlier — an average drop of 50%. “The decline in wholesale prices take a day or two before reflecting in the retail market. If the trend persists, further correction in prices is expected in the retail market in the coming days,” a retailer told TOI .
