Page 2 - Vegetable Prices

India's vegetable oil imports up 16% at 16.71 mn tonnes in 2022-23 oil year

India's vegetable oils import rose 16 per cent to 167.1 lakh tonnes in the current oil year that ended in October 2023, driven by lower duty on certain edible oils, industry body SEA said on Monday. The country had imported 144.1 lakh tonnes of vegetable oils in the previous 2021-22 oil year (November-October). Out of the total vegetable oils, much of the imports were edible oils at 164.7 lakh tonnes, while non-edible oils were only 2.4 lakh tonnes during 2022-23 oil year. India is a leading vegetable oil buyer in the world. According to Mumbai-based Solvent Extractors Association of India (SEA), "Import of edible oils during the 2022-23 oil year has surged to 164.7 lakh tonnes. This increase of 24.4 lakh tonnes from previous year is driven by the current low of 5.5 per cent duty on crude palm oil, soybean oil and sunflower oil." This influx of imports has transformed India into a prime destination for excess oil supplies, it said in a statement. Notably, RBD Palmolein imports ..

Falling tomato prices bring down cost of veg, non-veg thalis in Sept

The fall in tomato prices, which declined 62 per cent month-on-month (M-o-M) to Rs 39 a kg in September from Rs 102 a kg in August, was the major contributor

Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL

For non-veg thali, the cost was up 13 per cent. It was lower than that of a veg thali owing to a marginal rise in broiler prices

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Vegetable prices might ease from September led by tomato: RBI Governor Das

"Will guard against second round effect of price rise"

Vegetable price inflation to decline from Sept, says RBI Governor Das

He said despite core inflation in the country remaining elevated, the steady easing seen in the last few months indicates that monetary policy transmission is happening

You can buy onions at Rs 25/kg through retail outlets of NCCF from today

Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes

Vegetable prices likely to cool down next month, says FinMin official

The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of USD 90 a barrel, a finance ministry official said. The official further said that reduction in excise duty is not on cards and the government is driving infrastructure investment, and private sector capital investment is yet to gather steam. He further said that the Centre's capital expenditure which was 28 per cent of Budget estimates at the end of June quarter, will reach 50 per cent by September end. In the 2023-24 budget, the government had hiked capital investment outlay by 33 per cent to Rs 10 lakh crore in the current fiscal. The official further said that a 6 per cent rainfall deficit is unlikely to impact kharif sowing as the agriculture sector is resilient. The government has been taking steps to control inflation, including releasing wheat and rice stocks from

I-CRR move to prevent 'asset price bubble': RBI's state of economy report

Major reforms needed to tackle monsoon veg price shock

Controlling inflation will depend on monsoon, vegetable prices

In July, monsoon rains were almost 13% more than normal across India. In the entire monsoon season between June 1 and August 7, rainfall across India has been 2% above normal

Vegetables in India to stay expensive for longer on erratic monsoon

Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows

Assam CM blames Miyas' for soaring vegetable prices; opposition slams

Spiralling vegetable prices in Assam's largest city Guwahati has triggered a war of words between political opponents, with Chief Minister Himanta Biswa Sarma's blaming Miyas' for the escalating rates drawing sharp reactions from opposition parties. While AIUDF chief Badruddin Ajmal said Miyas' have been hurt' by the CM's comment, Congress and other opposition parties sniffed a collusion between the BJP and the AIUDF in communal politics' ahead of next year's Lok Sabha elections. Sarma, while responding to reporters' questions on high price of veggies in Guwahati, had said, "Vegetables are not priced so high in villages. Here the Miya vendors charge us more. Had it been Assamese vendors selling vegetables, they wouldn't have fleeced their own people." "I will clear all the footpaths of Guwahati and I urge our Assamese people to come forward and start their businesses," he added. Bengali-speaking Muslims are generally referred to as Miyas' in the state, with the community largely ..

Why are tomato prices surging in India? Explained

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Soaring vegetable prices can tip delicate inflation balance: Economists

However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank

Spike in tomato prices temporary, it will cool down: Govt official

The spurt in prices of tomato is a temporary seasonal phenomenon and rates will cool down soon, a top government official said as retail prices of the kitchen staple shot up to Rs 100 per kg in major cities. "It is a highly perishable commodity. Transportation gets affected in areas that received sudden rains. It is a temporary issue. Prices will cool down soon. It happens every year during this time," Consumer Affairs Secretary Rohit Kumar Singh told PTI. According to the data maintained by the Department of Consumer Affairs, the average price of tomato on an all-India basis is Rs 46 per kg on June 27. The modal price is Rs 50 per kg while the maximum price is Rs 122 per kg. Across four metros, the retail price of tomato in Delhi is Rs 60 per kg, Mumbai is Rs 42 per kg, Kolkata is Rs 75 per kg and Chennai is Rs 67 per kg. Among other major cities, the prices stood at Rs 52 per kg in Bengaluru, Rs 80 per kg in Jammu, Rs 60 per kg in Lucknow, Rs 88 per kg in Shimla, Rs 100 per kg in

Vegetable prices go up due to inadequate rains, soaring temperature

Vegetable prices have gone up due to insufficient rains in the state, traders said on Tuesday. However, the arrival of vegetables from north India is preventing the prices from sky-rocketing, vegetable dealers said. The price of tomatoes which were sold for Rs 20 or Rs 30 per kg, have gone up to Rs 80 at the KR Market itself whereas beans are sold for somewhere between Rs 80 and Rs 100 per kg. Carrot is sold for Rs 60 per kg and Okra (ladies finger) is also available at Rs 40 to Rs 60 per kg. According to vegetable traders in the KR Market here, the primary reason behind the price rise is the inadequate rains in the state this time. "We did not receive proper rains. Also, temperature is high. Due to these two reasons many vegetable crops were damaged. The variation in temperature and lack of proper rain led to pest attack on tomatoes," Manjunath, a trader in KR Market told PTI. He also said the prices of ginger too have gone up due to insufficient rains. Sridhar, another trader,

Tomatoes disappear from kitchens as prices soar, vendors blame rains

Vegetable vendors and wholesalers have blamed rains for disruption in tomato supply, leading to the price of the kitchen staple skyrocketing in retail markets of the national capital. Local vendors are selling tomatoes in the price range of Rs 80 to Rs 120 per kg, depending on the quality and the localities. Anil Malhotra, a member of the Azadpur Agricultural Produce Marketing Committee (APMC), said tomato prices shoot up every monsoon but it was never this high. "Prices go up every year during monsoon but the cost of tomatoes never went up this high. There is a major dip in supply due to the rains. Around half of our stock, which we got from Himachal Pradesh, got damaged," Malhotra told PTI. The national capital region gets tomato supply from neighbouring states such as Haryana and Punjab and the hill states. Bhagwan, a grocer in south Delhi's Kailash Hills area, said tomato prices have shot up. "We are getting tomatoes from wholesale markets at a higher price and selling at Rs .

Tomato prices soar across country due to supply dip, cost Rs 80-100 per kg

Tomato prices have also skyrocketed in the southern state of Karnataka and its capital city Bengaluru as incessant rains have damaged the crop and made transportation difficult

Prices of vegetables soar 15-30% due to summer heat in and around Kolkata

The sweltering heat in Kolkata and surrounding districts are impacting vegetable production leading to a surge in prices, an official said on Tuesday. Prices of common vegetables have increased by 15-30 per cent in recent weeks and unless there is rainfall within the next five to six days, rates are expected to rise further, a vendors' body said. "The ongoing intense heat and lack of rain have had a significant impact on vegetable production. Supplies in producers' markets in the districts have already decreased drastically ," West Bengal Vendor's Association president Kamal De told PTI. Citing an example, De said that farmers' markets or haats' at Gopalnagar close to Bongaon in North 24 Parganas district received an average of nearly 100-125 truckloads of pointed gourds per day during this time last year. But the number has dropped to 45 a day now. "The situation is even worse at small markets ," De added. There are about 50-60 large such haats' in the state. Crops are also show