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Lack of market transparency main reason for vegetable price hike

17 January 2024 02:19 pm - 15     - {{hitsCtrl.values.hits}}

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Colombo. Jan 17 (Daily Mirror) - A lack of market transparency and a host of other issues has led to the increase of vegetable prices, a Samagi Jana Balawegaya (SJB) MP said today.

SJB MP and Chairman if the Committee on Public Finance (COPF) Dr. Harsha de Silva said lack of transparency in the market and a host of other issues have led to the increase of vegetable prices.

“Stocks of vegetables go through two middlemen right from the growers until they reach the retail market. The one who purchases vegetables from farmers sells it to another buyer and the stocks come to the market through the second buyer. There is no transparency in this process unlike the Colombo Tea auction. There is open bidding in the Colombo tea auction where different prices are quoted till the sale is closed. However the vegetable farmers do not know how much the middlemen earn by reselling their produce. The farmer ends up being the ultimate loser under this process,” Dr. de Silva told a media conference.

“The other issue is the lack of storage facilities to preserve the vegetables, he pointed out, and added, “We, during the Yahapalana government started constructing a modern storage facility in Dambulla. But the government which came into power in 2019 halted this project. We have spoken to the Food Commissioner and he has assured us that the work of the storage facility will be completed this year,” he added.

“In addition, one should look at introducing an online network which includes the farmers. Information on inputs, prices and other information can be passed through this network, thus bringing some transparency into the market,” he also said.

 


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  Comments - 15

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  • MT Wednesday, 17 January 2024 02:32 PM

    Prices are skyrocketing No one knows the real causes,

    City Wednesday, 17 January 2024 06:44 PM

    It's due to the weather conditions. Five months rain damaged two seasons.

    Shabir Zainudeen Wednesday, 17 January 2024 02:49 PM

    I agree with Harsha and myself is a farm owner who grows vegetables. Our Middle-men are making a killing in Norochcholai market, everyday, they decide the Price to bought, immediately sell the product to another on the spot with a heafty margin. This system need to stop and the farmer need direct access to market. In our area all these Middlemen are Billionaires.

    Sokrates Wednesday, 17 January 2024 03:04 PM

    Selling vegetables through auctions like tea is not possible. However, transparency with the help of the Internet should be a must. It would be best if regional farmers founded sales cooperatives. Otherwise, they should sell directly to customers such as hotels or supermarkets or to the nationwide wholesale markets such as the vegetable wholesale market in Nuwara Eliya (Dedicated Economic Center). This center publishes vegetable prices online every morning. The center should then only sell to retailers who sell to consumers and not to middlemen. Normally, in developed countries, trade is regulated by competitive competition. But something like that would probably be asking too much in Sri Lanka.

    Pullma Dingalinga Wednesday, 17 January 2024 04:36 PM

    What’s this guy doing with the SJB ? He has half a brain at least, unlike the rest of the clowns.

    GordiB Thursday, 18 January 2024 12:49 AM

    He has more than half a brain. He is former WB Economist.

    Pullma Dingalinga Wednesday, 17 January 2024 04:36 PM

    What’s this guy doing with the SJB ? He has half a brain at least, unlike the rest of the clowns.

    Bangladesh - the sick man of Asia is ahead of us? Wednesday, 17 January 2024 05:05 PM

    Bangladesh had one genuine person who helped village farmers, mostly women through Grameen Banks. He got Nobel prize for his effort. He encouraged financing through Grameen Bank, village women to contact city market directly with small phones. There was no room for ANY middle men. You don't need long thesis of Harsha!

    Thanabaladingam k Wednesday, 17 January 2024 06:34 PM

    Agree in Jaffna the coconuts from our farms are bought at Rs55. In Colombo the selling price is R/s 100-120. Why can’t the government introduce rail transportation? Of course they are busy with barge parties

    MOIZ Wednesday, 17 January 2024 07:55 PM

    There are no constructive reasons to justify the skyrocketed prices. Farmers still get below-knee rates. Middlemen ripping off by giving stupid reasons. There is an age-old mafia that controls the process from farmers to consumers. We should not buy vegetables at current prices. Just keep your meals away from vegetables for just one week. Things will fall in line in no time.

    Dee Wednesday, 17 January 2024 08:53 PM

    Best is to buy vegetables from established networks. Pavement hawkers and sunday fairs rip you off!

    Adwani Thursday, 18 January 2024 07:44 AM

    Price increase has nothing to do with marketing, it is the GREED that leads to the price increase. Subsequently when the vegetables rot or get spoiled the prices go down to rock bottom.

    DOT Thursday, 18 January 2024 08:23 AM

    Don't try to fish in dark waters Dr. Harsha! It's mainly due to extreme bad weather during past few months. You don't need a PHD to understand this simple reality. Just wait and see after few months; the price will be much lower!

    Is Mahinda Amaraweera and his ministry alive? Thursday, 18 January 2024 09:33 AM

    We - you and I, are the cause of this mess! Have we planted a single vegetable in our garden? We live in a fertile nation. If you throw a branch, next day it thrives and I saw it in hot Embilipiya. Tomatoes and chili can be home grown. Do we want Ranil to give these basic items? Get Mahinda Amaraweera to provide seed and fertilizer.

    Jude Thursday, 18 January 2024 09:44 AM

    Just shut up Harsha!! What you do best is being a lousy critic!! When you're in opposition you've Bright ideas,!! However when you had the power and opportunity you were useless!!


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