New Delhi witnessed a significant drop in wholesale prices of tomatoes on Saturday, following the government’s initiative to sell tomatoes at a discounted price of Rs 90 per kilogram through the government-owned National Cooperative Consumers’ Federation (NCCF). The wholesale price of tomatoes fell to Rs 7,575 per quintal on Saturday, a decrease of almost 29% from its peak of Rs 10,750 on Friday. However, there was no change in the retail price, which remained at an average of Rs 178 per kilogram. Officials mentioned that it typically takes a day or two for the fall in wholesale prices to impact the retail market.
NCCF Sells 24 Tonnes of Tomatoes
The NCCF sold approximately 24 tonnes of tomatoes through its vans and Safal outlets in Delhi, Gurgaon, Faridabad, and Noida on Saturday. This marked an increase from the 18 tonnes sold on Friday. An official stated that the NCCF is selling high-quality tomatoes from other states and will continue to do so until prices decrease significantly.
Wholesale Prices Show Steady Increase
According to data from the consumer affairs ministry’s price monitoring cell, the wholesale price of tomatoes had been steadily increasing since July 10, reaching Rs 10,750 per quintal on July 12, and remaining stable for the next two days. The deployment of numerous NCCF vans across the National Capital Region (NCR) and the introduction of more outlets selling tomatoes at the fixed price of Rs 90 is expected to further drive down prices in the coming days.
Retail Prices Experience Sharp Rise
In contrast to the wholesale prices, retail prices of tomatoes experienced a significant jump from Rs 127 per kilogram on July 10 to Rs 178 on Friday.
Conclusion
- Wholesale prices of tomatoes in Delhi fell by almost 29% on Saturday following the government’s discounted sale through the NCCF.
- Retail prices remained unchanged, but it is expected that they will eventually reflect the decrease in wholesale prices.
- The NCCF sold around 24 tonnes of tomatoes on Saturday, an increase from the previous day.
- The wholesale prices of tomatoes had been steadily increasing before the recent decrease.
- A larger number of NCCF vans and outlets are expected to contribute to further price declines in the coming days.
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