Retail tomato prices drop 22.4% on improved supplies: Govt.
The Hindu
Consumer Affairs Ministry reports 22.4% drop in tomato prices due to improved supplies, benefiting consumers nationwide.
“Retail tomato prices declined 22.4% month-on-month on improved supplies across the country,” the Consumer Affairs Ministry said on Sunday (November 17, 2024).
The all-India average retail price of tomatoes stood at ₹52.35 per kg on November 14, down from ₹67.50 per kg on October 14, according to an official statement.
During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50% to ₹2,969 per quintal from ₹5,883 per quintal, driven by increased arrivals.
“Similar price corrections were reported from key markets like Pimpalgaon (Maharashtra), Madanapalle (Andhra Pradesh), and Kolar (Karnataka),” the Ministry said.
“Though arrivals have subsided at major tomato centres in Madanapalle and Kolar, prices have eased due to seasonal supplies from Maharashtra, Madhya Pradesh and Gujarat filling supply gaps nationwide,” it added.
Favourable weather conditions have supported both crop growth and smooth supply chain movement from fields to consumers, the statement noted.
The country's tomato production is projected to increase 4% to 213.20 lakh tonne in 2023-24.
India seeks alternative sources for specialty fertilizers from Belgium, Egypt, and others due to China's export restrictions.
India and Russia commit to enhancing trade in national currencies, aiming for $100 billion bilateral trade by 2030.
Stock markets soar as RBI cuts interest rates, with Sensex rising 447 points amidst positive investor sentiment and revised growth forecasts.
AAP's Raghav Chadha calls for banning 10-minute delivery services, highlighting the harsh conditions faced by gig workers.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.