As if the scorching heat wasn’t enough, get ready for inflated tomato prices
Advertisement
Advertisement
The
Food articles prices have a 14% cent weight in the wholesale price index, and rose 4.23% last month. Vegetable prices, on the other hand, rose 2.21%, says data from Central Statistics Office.
The trend of inflating prices would reverse only when monsoon strikes next month, and until and unless that is delayed, there is nothing major to worry about, say experts.
"Severe heatwave condition across most parts of India has led to dropping of flowers and fruits, thereby impacting production and increasing prices," said Shriram Gadhave, president of the All India Vegetable Growers Association in Pune. He added that prices were firm and will continue to rise over the next few days.
Advertisement
Rajender Sharma, former chairman of the Azadpur Agricultural Produce Marketing Committee in Delhi, told ET that vegetables supplies from outside the state have been slow since last 15 days, because of which wholesale prices have jumped 50-100% on some days.
"In retail, prices will be 3-4 times higher. In hot weather, losses to the vendor are higher and hence he will keep prices firm," said Sharma.
Ladies finger, which was available for Rs 13-23 a kg in Delhi's wholesale markets is being sold Rs 60-70 a kg to the consumers. In Pune, similarly, tomato wholesale prices were Rs 20 a kg, but when coming down to the retail rates, they have touched Rs 35-40 for a kg.
Image source
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Top 10 Must-visit places in Kashmir in 2024
- The Psychology of Impulse Buying
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance