Reason for the sudden closing of Koyambedu market in Chennai!!
Posted on: 05/May/2022 9:42:31 AM
On 5th of May, Traders Day would be celebrated and due to this reason all shops at Koyambedu market in Chennai would be closed. This was announced by the Federation of Koyambedu Vegetables, Fruits, Flowers and Food Grains Traders Associations.
Today, as many as3941 shops in the Koyambedu Wholesale Market complex would not function. From Wednesday night itself, the trade would stop and it would resume from the midnight of Thursday in the Koyambedu market. On Wednesday, the Koyambedu market witnessed a marginal increase in business because the next day was announced as a holiday by a federation of 27 associations.
Every day, 400 truckloads would be received by this market but yesterday the market received an additional 50 truckloads of vegetables. This had increased the sales by 20%. This was as per the president of federation Mr. G.D. Rajasekaran.
Low supply made the prices on the higher side for some vegetables. In the peak summer season, the prices of vegetables would increase and would reduce after a month only. This was as per some traders at the market.
It was later brought out by Mr. M. Thyagarajan, a tomato wholesaler and vice-president of federations that Koyambedu market received just half the load of tomatoes due to poor harvest in the neighbouring states like AP and Karnataka. One kilogram of tomatoes was sold for Rs 65 depending on the variety and quality.
Since tomatoes were sold at cheap rates until a few weeks back, several small and marginal farmers did not carry out tomato harvesting. Point to be noted is that the starting of peak summer season was another reason for the farmers refraining from tomato harvesting. In the Koyambedu market, beans and broad beans were sold at Rs 140 to Rs 160 per kilogram and coriander leaves were sold for Rs 200 per kg.
