The people of Assam are facing massive problems due to the hike in vegetable prices in the markets in Guwahati due to the flood situation in the state.
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.
The prices of tomatoes will rise more in north India, including Uttar Pradesh, Delhi NCR and Haryana. Farmers say tomato crops have damaged due to heavy rainfall in the Muradabad region.
On-year, tomato prices shot up by 30 per cent, onion prices soared by 46 per cent, and potato prices increased by a staggering 59 per cent. This surge in vegetable prices has largely been due to several adverse factors impacting supply.
According to a report by CRISIL, this trend, driven by erratic weather patterns and climate change, highlights the vulnerability of vegetable prices to environmental factors.
Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
The vegetable trader at Ghazipur mandi said "The price of carrots has gone up by Rs 4 in the last 15 days after supply from Punjab is disrupted following farmers' protest. This could lead to a rise in the price of vegetables. This issue between the farmers and the government should end soon.
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