TOMATO PRICE RISE
Inflation rising faster than speed of bullet train, has broken back of common person: Congress
Congress criticised the Modi government for rising food prices, stating that inflation has outpaced the promised bullet train and burdened the common person. They highlighted the increased cost of essential goods, contrasting it with the government's earlier promises of affordability.
Retail prices of staple veggies drop 25%, but still higher than last year
"Tomatoes, potatoes and onions are the most consumed vegetables in India. The prices of these three have remained high for quite some time now. Vegetable inflation will gradually come down in the fourth quarter. We are estimating the overall inflation to fall under 4.5% in March," said Dharmakirti Joshi, chief economist, CRISIL.
Donald Trump's 25% tariffs on Canada and Mexico: Here are the products that will cost you more
Donald Trump is currently the President-elect of the US and will be assuming the role of President in January next year. Meanwhile, the first thing on his table that will reportedly be signed, would be the imposing of tariffs on Canada and Mexico, which could lead to inflation of certain products in the US markets
Tomato and potato: That's what kept the RBI's hand on pause button
The Reserve Bank of India held its key interest rate steady at 6.5%, prioritizing inflation control over economic growth concerns. Soaring prices of essential food items like tomatoes and potatoes contributed to a 14-month high inflation rate, prompting the bank to maintain its focus on price stability.
Home-cooked veg thali cost up 7.2% in Nov, non-veg 2%: Crisil
Home-cooked meals saw a price rise in November year-over-year, with vegetarian thalis increasing 7% to Rs 32.7 due to soaring tomato and potato prices. Pulses and vegetable oil also contributed to the increase. However, a dip in LPG prices offered some relief. Non-vegetarian thalis saw a marginal 2% rise, influenced by broiler chicken prices.
Government funds 28 innovations to combat tomato price volatility and wastage
The Department of Consumer Affairs has funded 28 projects aimed at reducing tomato loss and adding value to the crop. These initiatives seek to stabilize tomato prices, minimize waste, and improve supply chain efficiency by implementing affordable solutions that could cost as little as Re 1 per kg.
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Wholesale inflation quickens to 2.36% in October over rising food prices
India's wholesale price index rose to 2.36 percent in October. Food prices increased, pushing retail inflation to a 14-month high. The Reserve Bank of India held its benchmark interest rate steady. The central bank maintained its inflation forecast for the fiscal year at 4.5 percent. Food price volatility remains a concern for inflation and economic stability.
More tears likely in store for Indians as onion prices to stay high, ICICI Bank says
While November saw a slight dip in overall vegetable prices, onion prices remained stubbornly high, contributing to India's rising inflation. This price surge, attributed to heavy rains and supply chain disruptions, has significantly impacted essential items like tomatoes, potatoes, and onions, pushing retail inflation to a 14-month high.
Here¡¯s how inflated prices of onions, tomatoes, potatoes and cooking oils are impacting the cost of a home-cooked meal
A Crisil report reveals vegetable thali costs surged 20% in October 2024, fueled by soaring vegetable and cooking oil prices, particularly during festivals.
November inflation figures may bear imprint of rise in onion prices
Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November.
¡®Kanda Trains¡¯ to help ease onion prices before Diwali
The government plans to stabilize onion prices by releasing 91,960 tonnes from buffer stocks via rail to key consumption centers and e-commerce platforms, selling at Rs 35/kg. This intervention aims to address the spike in vegetable prices, with onion prices nearing Rs 100/kg in retail markets.
Understanding India's food inflation: The impact of rising tomato, onion, and potato prices
High food inflation is a major concern in India, with the prices of tomatoes, onions, and potatoes (TOP) significantly impacting consumer price indices. Factors include short crop cycles, storage challenges, and regional production concentration. To address this, the Reserve Bank of India proposes agricultural market reforms, futures trading, storage expansion, and investment in processing facilities and productivity.
Tomato Price: Here¡¯s how and where to get tomatoes at Rs 65/kg in Delhi, Noida, Gurgaon, Faridabad
The Indian government is selling tomatoes at Rs 65 per kg through mobile vans to control rising prices. Unseasonal rains in Maharashtra have damaged crops, leading to price hikes. A price stabilization fund is being used to manage costs. Farmers and traders report delayed sowing and increased pest issues affecting tomato supply.
Government to sell tomatoes at Rs 65/kg
The government has begun selling tomatoes at Rs 65 per kg through mobile vans and retail outlets to curb soaring prices due to unseasonal rains damaging crops in key areas. October saw a 39% price rise, affecting home-cooked meals. This intervention falls under the price stabilisation fund to manage market rates effectively.
Vegetable prices surge as rains damage crops and roadways
Vegetable prices have surged due to excessive rainfall damaging crops and roadways in key producing states. Prices of essentials like onions and tomatoes have risen significantly. The government may intervene to stabilize prices by selling vegetables through mobile vans. Traders report delays in sowing and increased pest issues affecting supply.
Veg thali price rises 11% in July due to high tomato prices
The cost of a vegetable thali in Mumbai increased by 11% in July 2024 compared to June, reaching Rs 32.6 per plate, mainly due to higher tomato prices. Prices for non-veg thali also rose by 6% to Rs 61.4 per plate. Year-over-year, veg thali costs decreased by 4%, despite higher onion and potato prices.
Weather disruption in Himachal Pradesh to make tomato prices red hot again
Tomato prices in North India may rise sharply in the coming days due to heavy rainfall in Himachal Pradesh disrupting the supply chain, say traders from Azadpur Mandi. Himachal Pradesh, a key supplier of tomatoes, has experienced severe weather which could damage crops and roadways.
Tomatoes to be sold at Rs 50 per kg: Here is how and where to buy in Delhi-NCR, Mumbai
Tomato Price Delhi, Mumbai: The government reduced tomato prices to Rs 50 per kg in Delhi-NCR and Mumbai to ease consumer burden. Initiated by Union Minister Pralhad Joshi, the project commenced with mobile van sales and cooperative efforts, following high price spikes due to adverse weather. The initiative aims to stabilize prices and protect consumer interests.
After Delhi NCR, tomatoes being sold at Rs 60/kg in select locations in Mumbai
Union Food and Public Distribution Minister Pralhad Joshi said earlier this week that the government has a Price Stabilisation Fund (PSF) mechanism to stabilise rising food prices and protect consumers' interests. He further added that this initiative will ease tomato prices, stabilise the market, and provide tomatoes at a subsidised rate to consumers.
Tomato prices to normalize in 7-10 days, says Consumer Affairs minister Pralhad Joshi
Union Minister of Consumer Affairs, Pralhad Joshi, announced a market intervention by the National Cooperative Consumers' Federation of India to lower tomato prices in Delhi. The initiative involves procuring tomatoes at wholesale prices to sell at reasonable rates, aiming to stabilize retail prices. Joshi stated that prices are expected to decrease over the next week, with tomatoes being sold at Rs 60 per kg in various locations to ease financial burdens on consumers.
NCCF to sell tomatoes at Rs 60 per kg from July 29, aims to provide cost relief to consumers in Delhi-NCR
The National Cooperative Consumers' Federation of India Ltd. (NCCF) will retail tomatoes at Rs 60 per kilogram from July 29 in Delhi and the NCR to stabilise the market and reduce prices. Anice Joseph Chandra, NCCF's managing director, confirmed the initiative at multiple locations. Current retail prices range from Rs 100 to Rs 120 per kilogram, putting strain on consumers. NCCF aims to provide relief by offering tomatoes at almost half the market rates.
Food prices on the rise? Finance Minister Nirmala Sitharaman has a plan
Finance Minister Nirmala Sitharaman announced that the government had plans to tackle food inflation through enhanced storage and irradiation for perishables. Food inflation rose significantly year-on-year in June, driven by soaring prices, especially tomatoes. The government is striving to improve supply chain linkages and manage food prices effectively.
Why are tomato, onion, milk prices rising across India? Economic Survey 2024 explains
Economic Survey 2024: According to the survey, food inflation, as measured by the Consumer Food Price Index (CFPI), has surged from 3.8% in FY22 to 6.6% in FY23, and further to 7.5% in FY24. This rise in food prices can be attributed to several key factors affecting agricultural productivity and food supply chains.
Lighter bags, heavier hearts: Home, restaurant kitchens feel pinch of vegetable price rise
Rising vegetable prices in Delhi-NCR have made essentials like onions, tomatoes, and potatoes unaffordable for many, impacting both home cooks and businesses. Crop damage and delayed rain are contributing to the soaring prices, forcing people to seek alternatives or go without key ingredients. Restaurants and catering services are struggling to absorb the increased costs, with some considering menu adjustments to cope with the financial strain.
Tomato prices soar to Rs 100 per kg in Delhi markets as rains hit supplies
On July 20, tomato prices surged to Rs 100 per kg at retail outlets in Delhi, including Mother Dairy's Safal stores, due to adverse weather conditions disrupting supply. The Department of Consumer Affairs reports retail tomato prices in Delhi at Rs 93 per kg, while the all-India average is Rs 73.76 per kg. High prices are also noted for onions and potatoes, with onions at Rs 50 per kg and potatoes at Rs 40 per kg in the capital. Prices for other vegetables, such as sponge gourd and green capsicum, are also elevated.
Consumers feel the pinch of high food inflation, 60% spending over half on vegetables weekly: Survey
A survey by LocalCircles reveals that six out of 10 Indians are spending 50% or more on vegetables every week compared to previous months. The shortage of vegetables and fruits in mandis has led to a spike in prices of fresh farm produce, including onion, potato, and tomatoes. Tomato prices have soared to Rs 80-100 per kg, with some state governments stepping in to prevent traders from hoarding supplies.
Tomato rates surge to Rs 90/kg in Delhi markets as supplies hit due to rains
Tomato prices in city markets have hit Rs 90 per kg due to supply disruptions from heavy monsoon rains. Residents and vendors alike express concern over the sudden increase from Rs 28 per kg. Transportation issues from states like Maharashtra, Karnataka, and Himachal are cited as reasons for the price surge.
Tomato, potato, and vegetable prices set to rocket further due to heatwaves and rains
Tomato prices are expected to rise further in north India, including Uttar Pradesh, Delhi NCR, and Haryana, due to heavy rainfall damaging crops in Muradabad. Farmers report significant losses from both recent rains and earlier heatwaves, leading to rotting plants and fields. Vegetable prices overall, including potatoes and onions, have surged, with tomatoes now costing 75-80 rupees per kilo, up from 40-50 rupees in June.
Tomato prices in India skyrocket on tight supply
Tomato prices have surged to Rs 80 per kg in retail markets due to damaged road networks in Himachal Pradesh from heavy rains, reducing supplies to main consumption areas. The average retail price reached Rs 55 per kg on July 3, up from Rs 35 a month ago. The India Meteorological Department predicts more rain in tomato-growing regions, potentially causing further price hikes.
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