Govt likely to step in as tomatoes go from boom to bust

New Delhi, Sep 20 (IANS): The government is likely to buy tomatoes directly from farmers in regions where prices have crashed due to a bumper crop creating a glut in the local market.

According to sources, the Consumer Affairs Ministry's price stabilisation fund (PSF) will be used to make the purchases to provide relief to the distressed farmers who have started dumping their crop as cattle feed since prices are not even covering transport costs in some areas.

Maharashtra, Karnataka and Andhra Pradesh have been the worst hit as a bumper yield has created a glut in the market. Prices plummeted to as low as Rs 3-10 a kg last week after having soared to Rs 250 a kg a month in August as heavy rains destroyed crops and triggered a scarcity in the market.

Average wholesale and retail prices of tomatoes were hovering around Rs 30 and Rs 16 a kg respectively on Tuesday in other parts of the country, according to figures compiled by the National Horticulture Board.


Top Stories

Leave a Comment

Title: Govt likely to step in as tomatoes go from boom to bust

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.