COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Vegetable prices dip as domestic produce floods market

Prices of onions, vegetables and pulses suffered a sharp setback at the Agricultural Produce Marketing Committee in Vashi in New Bombay following the recent ban by the Union government on export of these commodities coupled with heavy arrivals from the producing centres.

According to president of the All-India Commodity Merchants Association, Navin Maru, onion and potato prices declined by Rs 10-15 and were quoted below Rs 30 and Rs 20 per kilogramme respectively on account of arrival of 2,000 tonnes of these commodities from interior producing centres at the APMC during the last few days.

Onion is now available at Rs 15 per kg to each ration-card holder in Bombay and its suburbs. In Bombay, there are around 3000 ration shops and each shop has 1,000 card-holders. Around 34,000 tonnes of onions would require to meet the city's demand.

But buyers are reportedly refusing to purchase the onions from the ration shops due to the bad quality, Maru added.

Meanwhile, APMC Secretary V K Patil said that vegetable prices like ladyfingers, cabbage, cauliflower, brinjal, bitterguard and green peas fell by around Rs 5-10 per kg and were quoted between Rs 20 and Rs40 per kg due to heavy arrivals of vegetables daily from producing centres and slack demand from consumers.

However, pulses like tur, moong, gram dal and masur were steady and quoted between Rs 40 and Rs 60 per kg. The prices are likely to fall to Rs 10-15 per kg shortly in view of export ban by the Centre.

UNI

Click here for today's business stories