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The prevailing drought and summer heat in Hubballi have led to a significant increase in fruit and vegetable prices. Learn more about the impact of extreme weather conditions on the market.
Ranchi: The prices of fruits have skyrocketed in the holy month of Ramadan and ahead of the Eid celebrations.
Ranchi: The prices of fruits in the market have gone up significantly during Durga Puja.
The price of bananas in Bengaluru has climbed to Rs 100 per kilo due to fluctuations in demand and supply. Bengaluru is largely reliant on Tamil Nadu for much of its banana supply and a fall in availability has resulted in hike in wholesale prices.. A rise in demand is anticipated due to forthcoming religious festivals. Some farmers have suggested middlemen and traders are driving up the price.
Fruit prices in India, which contributed to 0.3% of food inflation in FY23, are set to increase this year. The late arrival of monsoon and heavy rains have impacted crop production, leading to higher prices. Apples, which account for a quarter of fruit consumption in India, were 15% more expensive in August than in May. Fruit inflation is expected to rise in the latter half of the year, despite a high base effect expected to keep inflation low.