Data | Why are tomato and onion prices fluctuating?
The Hindu
The unexpected price shocks to onions and tomatoes are triggered by unseasonal rains and prolonged drought
The prices of and are the most volatile in Indian markets. The Economic Survey 2021-2022, released on Monday, explores the reasons behind the variations in the prices of these two staple vegetables. The survey argues that seasonality in production and irregular shocks contribute equally to volatile prices. The unexpected price shocks to these two perishable commodities were triggered by unseasonal rains and prolonged drought. A detailed look at the survey's conclusions.
The graph shows the average retail price of a kg of tomato and onion in India. Sharp spikes can be seen at both regular and irregular intervals.
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