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India: Vegetable prices drop by over 66 percent thanks to supply

The wholesale price of most vegetables has dropped by up to 66 percent from a month ago, due to ample supply in the market. Traders say this trend may continue until output starts falling due to rain in the pre-monsoon season.

According to the Kalimati Fruits and Vegetable Market Development Board, the wholesale price of tomatoes, onions, radishes, green peas, French beans, smooth gourds, okra, barela (balsam apple), green broad beans, mushrooms, cucumbers, ginger, and garlic has fallen over the past month.

The price drop is attributed to the peak season for winter vegetables and the normalization of production, according to Binay Shrestha, an information officer at the board, which oversees Nepal's largest vegetable wholesale market in Kalimati. Winter vegetables will gradually phase out, and rainy-season vegetables will begin to arrive.

"Rainy season vegetables, including beans, bitter gourd, and bottle gourd, will start appearing in the market by May-end," Shrestha added.

Read more at The Kathmandu Post