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Wholesale onion prices drop at Koyambedu, tomato to follow suit

Onion, which was sold for `30 per kg at Koyambedu, has seen fresh stocks arrive from Madhya Pradesh, to compensate for the loss in stocks that used to come from Nasik.

Published: 14th July 2014 07:48 AM  |   Last Updated: 14th July 2014 07:48 AM   |  A+A-

CHENNAI: In some good news for those teary-eyed consumers purchasing onions at its present steep prices, the Koyambedu market has witnessed a drop in onion rates and it may soon reflect on the price boards at your neighbourhood retail outlets.

Onion, which was sold for `30 per kg at Koyambedu, has seen fresh stocks arrive from Madhya Pradesh, to compensate for the loss in stocks that used to come from Nasik.

“Unfortunately, a spell of hail storm destroyed produce in Nasik. But we have compensated for that by bringing in produce from Madhya Pradesh,” says V R Soundara Rajan, Koyambedu vegetable market advisor.

He says that the failure of monsoons is the primary reason behind the high price of the vegetable.

“We get tomato stocks from Hubli, Belgaum and other places in Karnataka. Lack of rains there has affected production. However, we are hopeful the prices will come down,” he adds. But he doesn’t expect the price of beans to fall, “Bean stocks come from Andhra, Chittoor and nearby places. Water scarcity is adversely affecting the production. In some places there is no water for up to 1000 feet. It is a grim situation,” he added.

Wholesale Koyambedu prices (Up-to-date; all prices in kg)

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