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Tomato prices have been soaring recently, with significant increases observed in mandis across Uttar Pradesh and Gujarat in October 2024. Several factors have contributed to this price surge, including a decrease in supply, rising demand, and unfavorable weather conditions impacting production. Let’s explore the current tomato prices in these states and the reasons behind the price hikes.
Stable Prices for Hybrid Tomatoes in Kopaganj: Kopaganj mandi, 10 tons of hybrid tomatoes arrived. The minimum price was ₹2900 per quintal, while the maximum reached ₹3200 per quintal. The average (modal) price for hybrid tomatoes in this mandi was ₹3000 per quintal. The stable prices suggest a balanced supply-demand situation in this area.
Shadabad mandi, the arrival of desi tomatoes was only 1 ton, but prices were significantly higher. The minimum price was ₹4100 per quintal, and the maximum price reached ₹4200 per quintal, with the average price standing at ₹4150 per quintal. The elevated prices for desi tomatoes indicate strong local demand, despite limited arrivals. Farmers have benefited from the high prices in this market.
Record-Breaking Prices for Local Tomatoes in Dhamanagar: Dhamanagar mandi, the arrival of local tomatoes was extremely low, at just 0.06 tons. However, prices skyrocketed, with the minimum price recorded at ₹6250 per quintal and the maximum at ₹7050 per quintal. The average (modal) price stood at ₹6700 per quintal. The sharp price hike is a clear indication of limited supply paired with strong demand for local tomatoes in this region, leading to significant profits for farmers.
Conclusion: At present, there is little hope for a decline in tomato prices. Unless there is an improvement in supply, the market is likely to continue experiencing high prices. While the government and local mandis are taking steps to regulate the situation, the ongoing supply-demand imbalance suggests that elevated prices may persist for the foreseeable future.
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