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New crop arrivals to bring down tomato prices: Govt
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₹90/kg which has been reduced to ₹80/kg from July 16 and further reduced to ₹70/kg from July 20," it added. The ministry said that current increase in tomato prices may incentivise farmers to grow more of vegetable, which will also help stabilise prices going ahead.
The Department of Agriculture & Farmers Welfare (DAFW) implements Market Intervention Scheme (MIS) to protect growers of perishable horticultural commodities from resorting to distress sale in the event of a bumper crop during the peak arrival period when prices tend to fall below economic levels and cost of production. “Under the scheme, the loss on account of the fall in price is borne between the central government and state government on 50:50 basis.
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