Page 2 - Sunil Chavan News Today

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Skyrocketing tomato prices may see further spikes due to torrential rains that damaged crops in Karnataka and Maharashtra, according to traders and officials. | Latest News India

Under the earlier arrangement, farmers paid 2-5 per cent of the premium while the state and the Centre paid equal parts of the remaining premium.

According to a TOI report, the APMC Vashi director Shankar Pingale, mentioned that the wholesale rate for tomatoes ranged between Rs 80 to Rs 100 per kg. However, due to the unfortunate Lonavala landslide incident, subsequent traffic jams, and diversions, the supply intended for Vashi Market faced disruption, leading to a temporary surge in prices. The director expects the supply to resume within a few days, but this didnt account for the recent price increase during the weekend.

There are farmers like Ishwar Gayakar from Junnar tehsil of western Maharashtra who claimed to have earned around ₹3 crore by selling tomatoes

The Indian government has reduced the price of subsidized tomatoes from ?90/kg to ?80/kg in major cities to address rising food inflation. The price reduction is being implemented through two state-backed firms, NAFED and NCCF, and will be rolled out to more cities depending on market prices. The tomato crisis is due to extreme weather conditions and climate change-induced shortages. Analysts predict high grocery inflation until September due to last years lower crop output and recent heavy rain...

According to analysts, consumers will feel the pain of high grocery inflation at least until September | Latest News India

Tomato growers experienced losses due to low prices, leading to a decrease in new plantations as a result of delayed monsoons. During December 2022 to May 2023, farmers earned very low rates for their produce. Additionally, unseasonal rainfall and a delayed monsoon resulted in a 54% rainfall deficit, which impacted the sowing of new tomato crops.

Even as tomato scaled a record high of Rs 160/kg in retail markets in the city on Tuesday, the prices of other vegetables too gave grief to Mumbaikar

Maharashtra, which is suffering from a 39% rainfall deficit, is expecting the monsoon to improve this month, with the Konkan region getting above-normal rain, while other areas, including Marathwada, Vidharbha and Madhya Maharashtra, are still deficient. Experts are saying that as rain is predicted to be normal or above normal for the next two weeks, the outlook is optimistic for the area.