Abstract: Vegetable and fruit peels are generally thrown into the environment as waste material. If this waste can be exploited for some beneficial purpose it will be useful and helpful. With this idea it was thought of interest to evaluate the antioxidant potency of peels. Fourteen vegetables and six fruits belonging to nine different families were selected to evaluate their antioxidant potential. The extraction was done by decoction method which is a common traditional method. Antioxidant property was evaluated by superoxide anion radical scavenging assay and Ferric Reducing Antioxidant Power (FRAP). The extractive yield was maximum in Daucus carota. Maximum Total Phenol Content (TPC) was in ripe peel of Musa paradisiaca while best and maximum superoxide anion scavenging activity was in Terminalia catappa. This activity was even better than standard gallic acid. T. catappa also showed highest FRAP. There was no correlation between TPC and antioxidant activity. The peel of T. catappa appears to be best agro waste which can be a promising source of natural antioxidants. The results confirm the belief that agro waste can be therapeutically used. However, further study need to be done using other antioxidant assays.