Tomato prices crash 37% in just a day in Maharashtra mandis to Rs 55 a kg!

economictimes.indiatimes.com:

tomato prices have crashed in some Maharashtra mandis by a whopping 37 per cent. According to a report in The Times of India, in three mandis of Maharashtra's Nashik, tomato prices fell by Rs 650 per crate, or 37 per cent, in just one day. A crate contains 20 kilogrammes. As per the report, tomato prices fell to Rs 1,100 per crate on Thursday from Rs 1,750 per crate a day earlier, which translates into a mandi price of just Rs 55 per kilo! On August 3, the average wholesale price was Rs 2,400 per crate. The main reason for the huge fall in tomato prices is said to be oversupply.

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At the three agricultural produce market committees (APMCs)—Pimpalgaon, Nashik, and Lasalgaon—tomato supply increased from 6,800 crates around a week ago to 25,000 crates on Thursday. Pimpalgaon is the largest tomato mandi in the state. «At Pimpalgaon, the largest tomato mandi in the state, the daily arrival has increased from 1,500 crates to 15,000 crates, while at Nashik, it has increased from 5,000 crates to 10,000 crates. At Lasalgaon, the arrival has gone up from 350 crates a day around a week ago to 1,500 crates now,» added the report. Yesterday, Finance Minister Nirmala Sitharaman told Parliament that tomatoes are being imported from Nepal to meet demand and check prices. She said tomatoes are being procured from Maharashtra and Karnataka, and distributed in Delhi-NCR, Bihar, Uttar Pradesh, West Bengal, and