Tomato prices are surpassing the price of apples to the delight of the traders. A similar trend was seen in 2021 as well, when tomato prices surged following a spell of low prices. Economists, now and in the past, have recommended cold storage and tomato processing as measures for smoothening price volatility. Despite the market being liberalised, agri-tech start-ups and modern retail corporates benchmark their prices to APMC prices as the APMC mandies are still the largest arriving locations. So now that prices are skyrocketing, some tomato farmers have struck gold, but a majority who based their planting on the low prices ruling earlier will rue their luck.

Source: The Hindu August 18, 2023 12:33 UTC