Tomato prices come down in Koyambedu, but egg rates go up

Tomato prices come down in Koyambedu, but egg rates go up

From Rs 100 per kilogram a few days ago, tomatoes are now being sold for Rs 50 / kg at the Koyambedu wholesale vegetable market in Chennai, giving a sigh of relief to people from middle income and low income categories.

Though the shortage continues in the city, traders reduced the price to clear stock as customers were otherwise hesitating to buy the expensive vegetable.

The severe heat conditions in the last two months had resulted in reduced cultivation across Tamil Nadu. This has ultimately affected the produce and subsequently the prices, following which vendors began importing vegetables from neighbouring states.

Tomato prices come down in Koyambedu, but egg rates go up

Tomato prices come down in Koyambedu, but egg rates go up

Meanwhile, traders fear that the escalating trend may continue till the month-end because of poor yields. On Friday, tomatoes were sold at Rs 50 a kg in the wholesale market as sales dipped by 25 per cent.

While tomato prices have finally reduced, egg prices are continuously on the rise. The price of egg in Namakkal farms has crossed the Rs 4 mark for the third time in the year. On Thursday, the price rose to Rs 4.10.

V S Balasubramanian, Senior Manager of the NECC, Namakkal, said, “The increase in price is due to increased demand in neighbouring states like Kerala. The yield has greatly reduced due to the extreme weather conditions prevailing in the state. Also the poultry feed prices are continuously on the rise which is also the reason for the soaring egg prices.”

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