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Distress sale, poor demand push down veggie prices

Byindianadmin

May 24, 2020 #prices, #veggie
Distress sale, poor demand push down veggie prices

In the two months since the country went into lockdown, vegetable prices have crashed in wholesale markets across states. The only exception is the potato, which at just under Rs 20 a kg on average, is almost double what it sold for in May last year.

TOI looked at wholesale prices of the 15 most common veggies across 19 states and found that prices of all of them, barring potatoes and lemons, had fallen in almost all the states. To discount for seasonal variations, TOI also compared prices with last May, and found the fall to be even sharper (even lemons were way more expensive in May 2019).

With state borders sealed, and supply chains hampered, what possibly led to the crashing prices was distress sale of perishable veggies and a sharp drop in demand.

“Disruption of supply chain during the lockdown is among the major reason

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