Govt directs procurement of tomatoes from Andhra Pradesh, Karnataka and Maharashtra to check rising retail prices

New Delhi, July 12:-- The central government has directed immediate procurement of tomatoes from Andhra Pradesh, Karnataka and Maharashtra for distribution in major consumption centres to check increasing retail prices. The Department of Consumer Affairs has asked National Agricultural Cooperative Marketing Federation and National Cooperative Consumers Federation to immediately procure Tomatoes from Mandis in three states for simultaneous distribution in major consumption centres where retail prices have recorded a maximum increase in the last month.

The stocks of tomatoes will be distributed through retail outlets at discounted prices to the consumers in Delhi-NCR region by Friday. In a statement, the Consumer Affairs Ministry said the targeted centres for release have been identified on the basis of absolute increase in retail prices over the past one month in centres where prevailing prices are above the All-India average. The Ministry added that the cycle of planting and harvesting seasons and variation across regions are primarily responsible for price seasonality in tomatoes. It said, apart from the normal price seasonality, temporary supply chain disruptions and crop damage due to adverse weather conditions and other factors often lead to sudden spikes in prices.

Currently, the supplies coming to markets in Gujarat, Madhya Pradesh and some other states are mostly from Maharashtra especially Satara, Narayangaon, and Nashik which is expected to last till this month's end. Madanapalle in Andhra Pradesh also has continued arrivals in reasonable quantities. The arrivals of tomatoes in Delhi-NCR are mainly from Himachal Pradesh and some quantity comes from Kolar in Karnataka. The Ministry highlighted that new crop arrivals are expected soon from the Nashik district. Additional supply is expected to come from Narayangaon and Aurangabad belt next month. It also said Madhya Pradesh arrivals are also expected to start and the price of tomatoes is anticipated to cool down in the near future accordingly.

Related Business News

LPG Crisis Deepens Amid War; Opposition Targets Government Over Black Marketing

NEW DELHI: As the US-Israel-Iran conflict enters its fourth week, the deepening energy crisis is severely affecting households across the country, leading to a growing shortage of cooking gas. Complaints about LPG shortages and rising black marketing have intensified political confrontations an....

Gold prices surge again, silver becomes over Rs10,000 more expensive

BHUBANESWAR: On Wednesday, a sharp rise was seen in the prices of gold and silver. As a result, the price of 24-carat gold reached over ?1.46 lakh per 10 grams, while the price of silver crossed ?2.34 lakh per kg. According to the India Bullion Jewellers Association (IBJA), the price of 24-car....

Global Financial Markets: Sensex Plunges 1,836 Points, Investors Lose 13.65 Lakh Crore

Amid escalating tensions in West Asia, the Indian stock market closed with sharp declines on the first trading day of the week, Monday. The benchmark indices — Nifty50 and Sensex — fell more than 2 percent each, driven by the intensifying US-Iran conflict. At market close, the 30-s....

Gold becomes cheaper by more than ?11,000 in one week, silver prices also drop

(Fast Mail):-- Gold and silver price witnessed a significant decline this week, making gold and silver cheaper by more than ?11,000 and ?28,000 respectively. According to the India Bullion and Jewellers Association (IBJA), the price of gold fell by ?11,181 over the past week to ?1,47,218....

'This Time, the Rupee Crosses 100': Sanjay Raut Says Modi and Shah Are Busy Plotting 'Game' in Bengal

(Fast Mail):-- Political rhetoric regarding the Indian rupee's continuous depreciation has intensified. Targeting the Central Government, Sanjay Raut—a Member of Parliament from the Shiv Sena (Uddhav Thackeray faction)—stated that the rupee's weakness is a grave issue linked to the....