STOCK MARKET BSE NSE

Veggies sale begins at Koyambedu

Vehicles throng market on Monday, but traffic congestion plays spoilsport for traders

Published: 29th September 2020 03:48 AM  |   Last Updated: 29th September 2020 03:48 AM   |  A+A-

Trucks lined up at Koyembedu on the first day of reopening of wholesale vegetable trade, in Chennai on Monday | DEBADATTA MALLICK

Express News Service

CHENNAI: The Koyambedu wholesale vegetable market bustled with activity on Monday morning as vehicles and push carts thronged the premises on the first day of restarting of wholesale operations after a gap of over four months.The enthusiasm of traders, however, was short lived as most of the wholesale stock remained unsold thanks to traffic congestion in and around the market.  

A Market Management Committee (MMC) official told Express that 569 trucks with commodities arrived on the first day. Similarly, a total of 2,560 purchasing vehicles too entered the market.The chaos started on Sunday evening itself as vehicles started piling up to buy the stocks ahead of the market reopening. Despite the market was surrounded by the police who tried to regulate the traffic, vehicles piled up till Rohini Theatre at one stage, said traders. 

ARS Mani, an onion trader, said that due to congestion only 70 per cent trade occurred. “Many vehicles were turned away as gates were closed by 9 am even as most of the wholesale stock remained unsold,” said Mani. “The officials should regulate the arrivals and departures and impose fine on vehicles that don’t abide by the one-hour stipulated time to load and unload vegetables,” he said.

MRN Ravi, a wholesale trader who sells cucumber, capsicum etc., said the MMC should allow vehicles from suburban areas by 10pm  rather than allowing them after midnight. “This would ease the congestion,” he said.

A MMC official told Express that a meeting was held with the traders and police to resolve the issue. A decision will be taken soon. “Since it was the first day, there were several issues and these would be sorted out soon,” the official added.

Prices of coriander, spinach and curry leaves crashed as they were brought to the market in excess. The traders later decided to bring in fewer than 100 loads so that the prices could remain viable. The prices have dropped by around 50 per cent for spinach and coriander and many loads were lying wasted. “A sack of coriander which we used to sell at `200 to `250 was being sold for `100 to `150 due to excess arrivals,” rued a trader.Meanwhile, around 10 vehicles were seized for violating the standard operating procedures, according to a MMC official. 

Wholesale market to fully resume ops soon, says official
In what could be a major relief for traders, the Koyambedu wholesale fruits, vegetable and flower market would be able to resume full operations before the Dussehra festival, said a MMC official


TAGS
Koyambedu

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp