Prices of Onions and Tomatoes expected to moderate soon
Prices of Onions and Tomatoes expected to moderate soon
In the light of price pressures on essential commodities as a result of
supply-demand mismatch and adverse climatic conditions in the last few days,
Government continued to closely monitor the availability and prices of
essential commodities. There have been some reports in the media of a sharp
increase in the prices of onions and tomatoes in recent days.
Marginally increase in the prices of onions in the past week and in the
prices of tomatoes is largely on account of disruption of supplies from the
Southern States which have witnessed severe, unprecedented rainfall over the
last one week. These increases are expected to be temporary and normal supplies
should resume soon.
The arrivals of the new crops of tomatoes are expected to ease
prices. There is a moderate increase in prices during September-December due to
demand supply mis-match, the Government is working closely with the State
Governments to ensure that quick action is taken to prevent any abnormal
increase in prices and to ensure adequate availability of essential
commodities.
As regards pulses, it may be recalled that Government has and continues to
take strong measures to enhance availability of pulses to moderate prices in
the market place. The factual position with regard to the price situation as on
17.11.2015 of these commodities is as follows:-
(Rs per Kg)
|
Commodity
|
Retail Price as on 17.11.15
|
Retail Price one week ago
|
Percentage variation
|
|
Onion
|
37.52
|
36.82
|
1.90
|
|
Tomato
|
43.18
|
35.23
|
22.57
|
|
Arhar Dal
|
151.67
|
149.91
|
1.17
|
|
Urad Dal
|
141.47
|
137.06
|
3.22
|
A high-level review of the prices of essential commodities and their
availability and measures required to be taken is scheduled to be held on
18.11.2015. Besides, reviewing the de-hoarding operations on pulses and steps
taken by State Governments to improve availability of Pulses at reasonable
prices, the meeting is expected to also review the progress in the procurement
of pulses aimed at building a buffer stock.
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