As reported by the Department of Consumer Affairs, Government of India, the all-India average retail price of tomatoes as of November 14, 2024, was approximately $0.63 per kg, marking a 22.4% decrease from $0.82 per kg on October 14, 2024. This decline in retail prices corresponds with a drop in wholesale (mandi) prices, particularly at Azadpur mandi, where modal prices fell by nearly 50%, from $71.20 per quintal to $35.92 per quintal, due to a surge in tomato arrivals. Similar price reductions were noted in other key markets such as Pimpalgaon, Madanapalle, and Kolar.
The Department of Agriculture's third advance estimate projects total tomato production for the 2023-24 season at 23.5 million tons, a 4% increase compared to the previous year's 22.5 million tons. Although tomatoes are cultivated year-round, their production is subject to seasonal and regional variations. Factors like adverse weather and logistical challenges can disrupt the market, as seen in October 2024, when heavy rainfall in Andhra Pradesh and Karnataka led to a sharp increase in prices. Nevertheless, staggered harvesting and cultivation practices ensure a steady supply throughout the year.
The recent price decline at major tomato hubs like Madanapalle and Kolar is being offset by seasonal arrivals from Maharashtra, Madhya Pradesh, and Gujarat, which help stabilize supply across India. Additionally, favorable weather conditions have supported a consistent supply chain, ensuring tomatoes reach consumers without major disruptions.
These market dynamics highlight how shifts in regional supply and weather patterns can influence both wholesale and retail prices, benefiting consumers with lower costs during periods of abundant production.
Source: Agro Spectrum