Prices for tomatoes in South Africa have declined by half over the past year, with a kilogram now costing under R10 as large volumes of the fruit are currently available. Last week, tomato prices declined 17% week-on-week, with the market price dropping to R9.04 for a kilogram. Prices continued their decline, with the latest price for the fruit now sitting at R7.16 per kilogram.
The drastic price drop is being driven mainly by the market being saturated with lots of tomatoes, which are also not of good quality, Dr Johnny van de Merwe, managing director of agricultural information group Agrimark Trends (AMT), said in his weekly YouTube video that tracks market prices for fresh produce.
[ R1 = €0.06 ]
Source: businessinsider.co.za