Potato Costs Fall Because of Oversupply in Koyambedu | Chennai Information
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CHENNAI: Potato costs have fallen to their lowest degree in six years of Rs 12-Rs 16 per kg on the Koyambedu wholesale market advanced, due to a rise in provide from the town. The price of different greens additionally fell on Thursday.
Market sources stated about 30% of Koyambedu’s complete gross sales go to chip makers, accommodations and eating places. VR Soundararajan, a former member of KWMC’s market administration committee and a wholesaler, stated on Thursday that the costs had been the bottom in comparison with the potato tariffs since 2015. The price of the potato hovered between 20 and 40 rupees within the final two months. “The truth is, one of many causes that has saved potato costs decrease within the wholesale market is because of declining demand from chip makers,” he stated.
About 450 to 500 tonnes of potatoes, largely from Karnataka and Uttar Pradesh, are obtained each day at KWMC, the sources stated. It was half of the overall quantity of arrivals two months in the past that drove potato charges to 40 rupees per kg. SS Muthukumar, president of the Koyambedu Semi Wholesale Vegetable Merchants Affiliation, stated the quantity of just about all greens arriving in Koyambedu had elevated, which mirrored the decrease costs. “We obtained 500 vans of greens carrying between 5,000 and 5,500 tonnes and that was greater than 100 autos on common. That is the primary motive that lowered the tariffs, ”he stated.
Whereas the price of premium onion has dropped by Rs 4 per kg in comparison with the earlier week, costs for a similar quantity of child onions have dropped from Rs 10 to Rs 15.