Onion-Tomatoes Price Hike: The prices of the three things which are generally required for making vegetables are increasing rapidly. Potatoes, onions and tomatoes are looking costlier than before in the markets. Due to the increase in the prices of these three things, the fear of increasing food inflation i.e. food inflation in the future is now troubling people.

How much has the price of vegetables increased?

According to data from the Consumer Affairs Ministry, in the last one month, the prices of tomatoes have increased by an average of 18-26%, those of potatoes by 1.3% and those of onions by 11%. Tomato has become costlier by 50% in states like Uttar Pradesh, Bihar and Madhya Pradesh. Similar is the condition of the markets of Delhi-NCR. Due to decrease in arrivals the prices have doubled here also.

The total share of these three vegetables in the Consumer Price Index (CPI) is 1.75%, hence the increase in their prices can have a direct impact on the inflation figures. Compared to last year’s prices, tomatoes have become costlier by 25% in a year. Onion prices have also increased by 3.3%. However, potatoes are 17% cheaper than last year.

How much will it affect your plate?

According to CRISil’s report ‘Roti Rice Rate’, due to increase in the price of tomato alone, home-made vegetarian thali has become costlier by 5% and non-vegetarian thali by 7%. Since tomatoes, onions and potatoes are used extensively for cooking in India, their increase in prices will make food in restaurants expensive and many food products will become expensive. Similarly, retail inflation has reached a 16-month high of 3.9%.

Why are the prices of vegetables increasing?

Due to record breaking heat and heat wave in May and June, tomato crops got burnt in the fields, causing huge loss to the production. On top of that, due to the extreme heat, tomatoes are rotting quickly during long distance transportation. In such a situation, the supply of tomatoes has started decreasing in the markets.

In the case of onion, experts say that due to unseasonal rains, onion storage has been damaged and its quality has also been affected. In such a situation, there is a shortage of good quality onion in the market. On top of this, due to El Nino and delay in monsoon, sowing of Kharif crops has also been affected. In such a situation, the crisis may increase further.

Also read:

Janhvi became a fan of this Bengaluru couple’s business plan – happiness! Learn how to build a business in six months

Inflation News: Inflation has troubled people across the country. Recently, India’s retail inflation has increased to 3.93 percent. Due to which the budget of the common man’s house has been shaken. Now onion, which enhances the taste of vegetables in the kitchen, is also going to make people cry. There are reports that onion prices may increase soon, because the government has decided to increase the prices of onion purchased from farmers.

government decision
In fact, recently, to increase the income of farmers, the government has increased the price of onion purchase from Rs 15.80 per kg to Rs 16.50 per kg under its buffer stock program. These new rates will come into effect from Saturday. When the purchase price has increased, it is obvious that the price of selling onion will also increase soon. Now people are going to find onion very expensive in the market.

Also read: Shrinkflation: Prices remain the same, goods reduced! Know what is the game of Shrinkflation? Formula to increase business of brand owners and farmers

Farmer is not satisfied
However, farmers of Maharashtra, the largest onion producing state in the country, are not satisfied with this price. He says that the cost of farming (seeds, fertilizers, labor etc.) has increased significantly, hence the government should purchase onions at the rate of Rs 30 per kg. According to the demand of farmers, they want to double the direct purchase rate. But the government also knows that this will increase the burden on the common man even more.

Let us tell you that recently the retail inflation rate of the country has also increased. In which the prices of tomatoes have increased by 48.43 percent. Whereas the prices of ginger have increased by 32.49 percent. These figures are for the month of May. India’s economy has been in trouble for several months continuously due to the Iran-US war. There is full hope that it will increase even more in the coming times.

Also read: Petrol-Diesel News: Fear of traffic jam? Transporters upset due to new rules of petrol and diesel, freight charges may increase