KARACHI: The prices of onion and tomato, which hit new highs due to short supply after the 2010 devastating floods, has began to decline in vegetable market of Karachi.
The prices of onion and tomato, which shot up to Rs100 per kg after the 2010 devastating floods, began to scale down and now the wholesale price of onion has come down to Rs30/kg .
Similarly the onion, which was being sold at Rs 80 per kg few days ago, is now being traded Rs40 to 50/kg.
According to vegetable traders, nearly one lakh tonnes of onion were exported to Malaysia, India and Sri Lanka at $600/ tonne, entailing the country huge foreign exchange.
According to traders, the prices are expected to further slump in coming days with the arrival of fresh crops.
President Karachi Vegetable Market Association Haji Shahjahan told The News Tribe that onion was cultivated late in Sindh’s flood-hit areas. From these area, the yield is arriving in the market which has pulled down the prices of the commodity.
He said that the arrival of fresh yield from the flood-hit areas has led to decline in price of the commodity in the local market, and wholesale price of the commodity has come down to Rs30 from 45 per kilogram in the market.
Similarly, tomato edged down Rs.40 to 50/kg, which was earlier sold at Rs. 80.
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