A sharp increase in the inflation projection for the current fiscal by the Reserve Bank of India (RBI) on Thursday, while highlighting the global economic conditions, has dashed Dalal Street investors’ hope of a rate cut any time in the near future. Until the last policy meet, expectations were building for a longer pause and … Read more
The recent spike in tomato prices has been driven by a raft of factors, including crop seasonality and heavy monsoon downpours, and the government has taken a series of steps to address inflationary pressure in essential commodities, finance minister Nirmala Sitharaman told Parliament on Monday. In a written reply in the Lok Sabha, the minister … Read more
Tomato prices aren’t likely to ease up any time soon. In fact, the current ₹150 a kg rate may seem like a bargain in some days, experts said, as heavy rain continues to lash Himachal Pradesh, preventing harvests and disrupting logistics. The Himachal crop was supporting supplies from Bengaluru, currently the main source of tomatoes … Read more
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 … Read more
Tomato prices have doubled in the past week in most parts of the country to ₹80-120 per kg in the retail market, while wholesale prices have increased to ₹65-70 per kg from ₹30-35 per kg, following a sudden plunge in production. The output nosedived due to multiple factors such as high heat, delayed rainfall and … Read more
Retail tomato price on Friday shot up to Rs 75 per kilogram in the national capital while the rates in some parts of South India softened but were still high, according to government data. In Chennai, retail tomato price declined to Rs 63 per kg on Friday from the peak of Rs 100 per kg … Read more
NEW DELHI: Retail prices of tomato on Saturday skyrocketed to Rs 80-85 per kg in the national capital due to tight supply from growing areas, according to private traders. Tomato prices have been firm since June and were ruling in the range of Rs 50-60 per kg depending on the variety till last few weeks. … Read more