A method and system for storage of perishable items is provided. The system includes at least one enclosed compartment to store the perishable items. At least one of the walls of the enclosed compartment is detachable to allow movement of the perishable items in and out of the compartment. The system further includes a plurality of light emitting diodes (LEDs) that are disposed on one of the walls of the compartment. The LEDs include one or more blue LEDs that are coated with a layer of phosphor material. The LEDs are electrically coupled with a power source. The system further includes a control unit that is configured to control power supplied by the power source to the LEDs based on presence of the perishable items in the compartment.