Page 4 - Sunil Chavan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 year's lower crop output and recent heavy rains. | Latest News India

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.