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Vegetable prices decline

Apr 21, 2011 5:04:30 AM - itnnews.lk

The vegetable harvest has increased to a level beyond the demand. As a result, market sources say the prices have gone down considerably.

Sources emanating from the Manning Market, the Colombo City vegetable trade Centre said that 50 tons of vegetables were discarded yesterday alone due to lack of demand although the prices were low.

The Manning Market is reported to have received around 1,000 tons of vegetables by yesterday morning. The price of many low country vegetables were in the range of 10 to 30 rupees per kilo. The Dambulla and Thambuththegama economic center sources said that the centers were receiving large stocks of vegetables at very low prices but the demand was low.

Market analysts said that vegetable prices went up sharply in Sri Lanka following the heavy rainfall in the early months of the year and food patterns of consumers changed while the commercial farming home garden cultivation of vegetables also increased.