After vegetable prices hit an all-time high in November owing to low supply, seasonal changes have increased supply and balanced the scales once again. Prices of vegetables in the Agriculture Produce Market Committee (APMC) market have gone down by 20 to 40 per cent in the last week.
Usually, supply picks up after Diwali but this year vegetable vendors realised a considerable lull in supply leading them to hike up prices. However, in the last week supply of vegetables especially green peas has increased considerably lowering prices in the market.
R S Gadhari, deputy secretary of the vegetable section at APMC market said, "Though supply was expected to increase, the rise has been phenomenal and prices of vegetables are expected to remain low for the next two months as good supply is anticipated."
Traders claim that competition from green peas is responsible for the further decline in vegetable prices. Shankar Pingle, director of the vegetable section in the APMC market said, "Around 50 trucks of green peas come to APMC market every day and rates of peas are as low as Rs 10 to 15 per kg and vendors prefer it to other vegetables."
In the retail market too, people are seen to prefer green peas to other vegetables, as it is available at anywhere between Rs 20 to 25 per kg according to Pramod Desai, a vegetable vendor at Dadar vegetable market. Green peas cost Rs 120 to 160 per kg in November.
With inputs by Vishakha Sonawane