Rains lead to increase in vegetable prices by 40%: Study
03/08/2016 15:25
Prices of vegetables such as lady fingers, cabbage, beans, brinjal, bitter gourd have increased by 35-40 per cent over a month as heavy rains in several parts of the country have hit the supply line to Delhi-NCR, revealed an ASSOCHAM paper.
The prices in Delhi's wholesale markets have gone up by nearly 35 to 40 per cent over a month. Traders at the Azadpur Mandi, Asia's largest wholesale fruits and vegetables market, said crops are not coming out of the fields due to stagnant water in fields, leading to shortage. Also, the weather department also has predicted similar weather condition for the next few days.
The Associated Chamber of commerce and Industry of India (ASSOCHAM) findings reveals that the perishable fruits and vegetables will bear the maximum brunt. Traders in Delhi said green or perishable vegetables like cabbage, Okra (bhindi), brinjal, Karela and coriander recorded high wholesale rates.
The disparity between Wholesale Price (WSP) and Retail prices for essential vegetables like bhindi (Okra), cabbage, Karela went up beyond 35-40 per cent from 30 June to 30 July 2016, according to ASSOCHAM recent paper.
The majority of Indian retailers are selling vegetables at prices which are significantly higher than the wholesale price index (WPI), reveals the ASSOCHAM latest study. The difference between WSP and retail prices on an average stays around 35-40 per cent.
ASSOCHAM urges government needs to improve infrastructure facility through encourage public private partnership (PPP) initiate for the development of cold storage and facility should be provided those farmers which are coming from the long distance area.
On the retail front, the analysis has observed that retailers are charging very high prices as compared to wholesale prices of the vegetables. In such scenario, government needs to play proactive role to control the retail price through surveillance scheme, adds the paper.
03/08/2016 15:25
The prices in Delhi's wholesale markets have gone up by nearly 35 to 40 per cent over a month. Traders at the Azadpur Mandi, Asia's largest wholesale fruits and vegetables market, said crops are not coming out of the fields due to stagnant water in fields, leading to shortage. Also, the weather department also has predicted similar weather condition for the next few days.
The Associated Chamber of commerce and Industry of India (ASSOCHAM) findings reveals that the perishable fruits and vegetables will bear the maximum brunt. Traders in Delhi said green or perishable vegetables like cabbage, Okra (bhindi), brinjal, Karela and coriander recorded high wholesale rates.
The disparity between Wholesale Price (WSP) and Retail prices for essential vegetables like bhindi (Okra), cabbage, Karela went up beyond 35-40 per cent from 30 June to 30 July 2016, according to ASSOCHAM recent paper.
The majority of Indian retailers are selling vegetables at prices which are significantly higher than the wholesale price index (WPI), reveals the ASSOCHAM latest study. The difference between WSP and retail prices on an average stays around 35-40 per cent.
ASSOCHAM urges government needs to improve infrastructure facility through encourage public private partnership (PPP) initiate for the development of cold storage and facility should be provided those farmers which are coming from the long distance area.
On the retail front, the analysis has observed that retailers are charging very high prices as compared to wholesale prices of the vegetables. In such scenario, government needs to play proactive role to control the retail price through surveillance scheme, adds the paper.
