The price of onions hiked four times to Rs 80 a kg in the state capital Bhopal while thrice to Rs 60 a kg in Indore. The consumers are upset with the price rise yet are forced to buy as it is a necessary vegetable.
In its bid to give further relief to consumers, the central government on Monday said it has directed its marketing agencies to sell tomatoes at Rs 50 per kg instead of Rs 70 starting Tuesday.
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low.
The consistent inflow of foreign portfolio funds, firm economic outlook, and moderation in inflation contributed to the latest bull run in Indian stocks. However, several analysts have been pointing out that any further rally from the current levels is unlikely as valuations are on the hi
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively.
Heavy rains that disrupted the supply chain caused vegetable prices to soar in Shimla, making it difficult for the local population to pay for household expenses.
Tomato prices see a steep increase in many parts of the country as supplies have dropped due to rains in tomato-growing areas in the country. In Delhi and Uttar Pradesh, Tomato prices have increased sharply within the past two-three days.
In Assam's flood-affected regions, 10782.80 hectares of cropland have been submerged by floodwaters, resulting in crop destruction. The flood has also disrupted the supply chain, which in turn has raised the price of vegetables for two consecutive weeks.
New Delhi [India], October 13 (ANI): The unseasonal rains in different parts of India, particularly in cereal-producing states, could have a "significantly large impact" on cereal and vegetable prices, said SBI Research in its latest 'Ecowrap' report.