Retail costs of tomato, which rose to Rs 100/kg six weeks in the past as warmth waves adversely impacted output, has since moderated due to sturdy arrivals and prospects of fine crop in Maharashtra, Karnataka, Andhra Pradesh and Telangana.
Officials stated that retail costs of agricultural commodities corresponding to rice, wheat, potato and sugar have witnessed a reasonable spike in comparison with earlier 12 months whereas costs of key pulses – gram and tur and onion – have declined in comparison with year-ago interval.
According to an agriculture ministry official, with Kharif crops – paddy, pulses, oilseeds, sugarcane and coarse cereals sowing choosing up tempo within the final fortnight after the revival monsoon rains particularly over western, central, japanese and southern areas, costs are anticipated to reasonable additional within the subsequent couple of months.
According to information by the division of shopper affairs, though common retail costs of tomato are nonetheless larger than the 12 months in the past interval, costs have fallen by greater than 17% to Rs 43 a kg on Saturday in comparison with a month in the past.
The benchmark mandi costs of tomato at Kolar, Karnataka, had been round Rs 800 a quintal on Saturday, up from Rs 530 that prevailed a 12 months in the past. However mandi costs had been Rs 3,460 a quintal a month in the past, witnessing a fall of 332% within the final one month.
“There are no reports of crop damage because of widespread monsoon rains in key tomato growing states such as Maharashtra, Karnataka, Andhra Pradesh and Telangana,” Uday Deolankar, former adviser to the Maharashtra agricultural costs fee, instructed FE. He stated the brand new crop has began to reach available in the market and costs are anticipated to fall additional within the subsequent two weeks.
Last month, RBI Governor Shaktikanta Das had said that spike in tomato costs may gasoline meals inflation.
The retail rice costs have witnessed a reasonable enhance of round 2% within the final one 12 months. At current, the Food Corporation of India (FCI) has rice inventory of 32.6 million tonne (MT) towards the buffer requirement of 13.54 MT whereas this inventory excludes round 17 MT of rice receivable from the millers. “Although paddy sowing is currently lagging behind by 22% compared to previous year, sowing will pick up pace in the next couple weeks,” an official stated.
Wheat costs have elevated by round 8% in comparison with a 12 months in the past regardless of a fall in manufacturing due to the warmth wave in March whereas the federal government in May restricted grain exports for enhancing home provides. The wheat manufacturing within the present crop 12 months (July-June) was estimated at 106.41 MT by the agriculture ministry, which was a decline of three% from 109.59 MT in 2020-21 crop 12 months.
Against a bumper chana manufacturing of 13.98 MT within the 2021-22 crop 12 months which was 17% greater than earlier 12 months, the retail costs of pulse selection, which has greater than 50% share within the nation’s pulses manufacturing, has declined by 4% in comparison with a 12 months in the past. Tur retail costs have declined regardless of a reasonable rise in manufacturing as imports have been sturdy.
Mandi costs of potato (Agra, Uttar Pradesh) witnessed a spike of 45% to Rs 1,340 a quintal on Saturday, from Rs 920 a quintal a 12 months in the past. Meanwhile, mandi costs of onion (Lasalgaon, Maharashtra) have dropped by 26% to Rs 1,240 a quintal on Saturday in comparison with a 12 months in the past, due to a bumper output.
Source: www.financialexpress.com”
