tomato prices – The News Desk

Cooling tomato prices bring down thali rates

6Oct

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Business

Cooling tomato prices bring down thali rates

NEW DELHI: Cooling tomato prices brought down the cost of vegetarian and non-vegetarian thalis in September, bringing much-needed relief for consumers reeling under the burden of surging prices.The cost of a vegetarian thali fell 17% month-on-month in September. The major contribution was from tomato prices, which declined 62% month-on-month to Rs 39 per kg in September 2023 from Rs 102 per kg in August, according to the Roti Rice Rate - ratings agency Crisil's monthly indicator of food plate cost.Onion prices rose 12% month-on-month in September and are expected to remain firm amid the expected lower output in kharif 2023, according to the estimates of the ratings agency.The cost of a non-vegetarian thali declined 9% month-on-month due to a 2-3% estimated month-on-month increase in price...

Tomato Price Relief Soon! India Starts Importing Tomato From Nepal

10Aug

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Business

Tomato Price Relief Soon! India Starts Importing Tomato From Nepal

Tomato price surged to as high as Rs 250 per kg in the country.The first lot of tomato imports is likely to reach by Friday in Varanasi, Lucknow and KanpurFinance Minister Nirmala Sitharaman on Thursday, August 10, said the country has started importing tomatoes from Nepal. It comes after a record high spike in the kitchen staple’s prices in the country.The first lot of tomato imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur, the finance minister said in parliament.Recently, tomato prices surged in the country to as high as Rs 250 per kg, as poor rainfall, higher temperatures and a virus outbreak that has hit the crop. Mohammad HarisHaris is Deputy News Editor (Business) at News18.com. He writes on various issues related to markets, economy and companies....Read More ...

A 700% jump in tomato prices gives windfall to farmers in India

18Jul

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Business

A 700% jump in tomato prices gives windfall to farmers in India

NEW DELHI: An eight-fold surge in tomato prices is making some Indian farmers rich, although their windfall gains may be short-lived due to a likely rise in supplies in the coming weeks.Retail prices of tomatoes were at 178 rupees ($2.20) a kilogram in Delhi on Sunday, a jump of more than 700% from January 1, according to data compiled by the food ministry. The national average was almost 120 rupees that day. The hike, caused by heavy rains disrupting supplies, has hit consumer nerves, with many households temporarily forgoing tomatoes — an essential element of mainstay Indian dishes. But growers are elated. Ishwar Gaykar said he and his wife Sonali, who grow tomatoes on 12 acres (4.9 hectares) of land near Junnar in the western state of Maharashtra, have made a profit of about 24 million...

68% Houses Reduce Tomato Consumption Amid Price Hike, 14% Stop Buying: Report

16Jul

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Business

68% Houses Reduce Tomato Consumption Amid Price Hike, 14% Stop Buying: Report

About 87 per cent of households have confirmed that they have been shelling out over Rs 100 per kg for tomatoes. (Photo: Rohini Swamy/ News18)Tomato prices have touched as high as Rs 250 per kg and this hike in prices led to a decrease in its consumptionEven as tomato prices have touched as high as Rs 250 per kg in various parts of the country, at least 68 per cent of households have reduced their consumption while 14 per cent have stopped buying it, according to a survey by LocalCircles.For the last few weeks, the retail price of tomatoes has risen sharply and was ruling as high as Rs 244 per kg on Friday across major cities owing to the lean season plus heavy rains.Amid the rising tomato prices, the government is selling the kitchen staple at a discounted rate at various locations in De...