Indian consumers are facing a pinch in their wallets as tomato prices soar across major cities. The retail prices of tomato has shot up to ₹70-90 per kilogramme in Delhi, Kanpur, and Kolkata, marking the steepest rise this year. This surge is attributed to a combination of factors, including disruptions caused by erratic weather patterns.
Tomato Prices Shoot Up To ₹70-90 Per Kilogramme
Last month’s delayed monsoon arrival, followed by scorching temperatures and heavy downpours, significantly disrupted tomato supplies. The extreme heat exacerbated the issue, leading to faster spoilage of the perishable crop. Traders highlight this “lean season” effect, where tomatoes naturally tend to be more expensive during June and July.
The good news is that relief might be just around the corner. The Union consumer affairs ministry has assured citizens that fresh harvests from southern states like Andhra Pradesh and Karnataka are on their way to markets. This influx is expected to bring prices down within days. Additionally, the ministry reports a robust expansion in summer sowing of key vegetables, thanks to favourable monsoon rains.
Higher Food Inflation
While tomato prices witnessed a year-on-year moderation in June, they remain significantly higher compared to the previous month. Official data reveals a 71% rise from ₹31.74 per kg in June to ₹54.42 per kg on July 2nd. This price hike has squeezed household budgets, particularly for those who rely heavily on tomatoes in their daily meals.
The tomato price surge isn’t an isolated incident. Retail onion and potato prices have also witnessed significant increases, soaring nearly 81% and 57% year-on-year, respectively. This overall rise in essential food items contributes to higher food inflation, a concern for policymakers at the central bank. Adverse weather patterns and lower agricultural output in the previous year are cited as key factors behind this trend.
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In conclusion, while the current tomato price hike is a cause for concern, the anticipated arrival of fresh produce from southern states offers a glimmer of hope for Indian consumers. However, addressing long-term food security concerns requires a focus on mitigating the impact of erratic weather patterns and ensuring sustainable agricultural practises.
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