Tomato prices have skyrocketed in Indore, with retail prices surpassing Rs 120 per kilogram in Indore's Devi Ahilya Bai Fruit and Vegetable Market (Choithram Mandi), according to the vegetable traders.
West Bengal MP Jyotirmay Singh Mahato wrote a letter to Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi requesting to investigate the price manipulation of onions in Bengal. In his letter, he stated that the onion prices in the state have been soaring because Chief M
In a post on X, PM Modi said that the recent policy decisions, including reduced export duty on onions and increased import duty on edible oils, will benefit the food producers, citing increased income and employment opportunities in rural areas.
Union Home Minister Amit Shah emphasised the central government's decision to remove the minimum export price on onion and said that the government boosting exports to ensure farmers receive a fair price for their crops.
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
MPs from different political parties in opposition held a protest against the price rise of onions and other vegetables, outside the parliament on Thursday.
Karnataka Deputy Chief Minister DK Shivakumar on Sunday questioned Union Minister HD Kumaraswamy about his family's wealth and assets, asking how they acquired so much land and wealth, adding that he could not have made thousands of crores just by growing potatoes and onions.
The prices of tomatoes have reached between Rs 100 and Rs 150 per kg in most parts of the state, while onions have reached Rs 90 per kg and potatoes Rs 80 per kg in Delhi-NCR.
According to a press release by the Ministry of Consumer Affairs, Food and Public Distribution, this increase comes amidst a favourable monsoon season and timely rains that have boosted the prospects for several kharif crops, including onions, tomatoes, and potatoes.
According to a press release, the decision comes against the backdrop of lower estimated Kharif and Rabi crops in 2023-24 compared to the previous year, coupled with increased demand in the international market.
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) of onions to the UAE, facilitated through the National Cooperative Exports Limited (NCEL).