Vegetable business can get you 50% profit

An analysis of 33 markets across the country has find out that retailers, on an average are selling vegetables at more than 48.8 per cent of wholesale prices.

According to an Assocham study, in Centres like Abohar and Amritsar the difference between retail price and wholesale is more than 100 per cent.

The study found that brinjal retail and wholesale price gap has increased from from 62.4 per cent to 66.7 per cent, cabbage 69.4 per cent to 78.1 per cent, whereas cauliflower is 59 per cent higher than the wholesale price, among other vegetables.

It further disclose that Surat retail and wholesale price gap has raised from 49.7 per cent to 50.8 per cent, Lucknow 48.5 per cent to 54.8 per cent, Shimla 37.9 per cent to 47.3 per cent, Jammu 37.5 per cent to 42.4 per cent and Chennai 34.6 per cent to 37.3 per cent, among other cities.

According to ASSOCHAM, the analysis is based on the wholesale price of vegetables and retail price of vegetables in the different markets in India.

“Wholesale price indicates the price at which retailers are buying from different markets and retail price is the price at which consumers are buying from retailers,” it said.

The study observed that onion onset grew at a rate of 13 per cent during 2013-14 followed by tomato which grew at a rate of 7.9 per cent and potato fresh arrival grew at a rate of 6.2 per cent.

Cauliflower and Ladyfinger arrivals have recorded marginal growth rate of 1.9 per cent and 0.4 per cent, during the same period, mentioned the study.