Price Rise News

Finance minister Nirmala Sitharaman while speaking in the parliament addressed the issue of inflation and spike in prices of essential commodities like tomatoes, onions, and lentils. To offer relief to the common man from skyrocketing prices, she announced that NCCF is procuring tomatoes from surplus states and making them available at subsidised rates across the country.

Are you curious about what's causing the recent tomato price hike in certain Indian regions? Look no further! In this video, we delve deep into the factors that have contributed to the alarming increase in tomato prices and the potential impact on our daily lives. Tomato Rice, Tomato Soup, and Tomato Chutney Lovers Take Note! If you're a fan of tomato-based dishes like tomato rice, tomato soup, or tomato chutney, you need to stay informed about these developments. The current tomato price surge could impact the affordability and availability of your favorite dishes. We'll also shed light on the broader issue of food inflation and how the tomato price hike fits into the larger picture. Join Us for an Insightful Exploration of the Tomato Price Surge! Stay tuned to Mint for more updates on the tomato price crisis and other essential news related to food, agriculture, and sustainability. Hit the subscribe button and ring the notification bell to never miss our valuable content!

Per quintal tomato prices have shot by over 1300%. To say they are on fire will be an understatement. The price rise has forced the government to act to ensure prices don’t rise further. However, that is easier said than done, as heavy rainfall continues to damage crops and interfere with harvesting. Currently, in certain parts of the country per kg prices have crossed the ₹250 per kg threshold.

The video discusses India's trade-to-GDP ratio (TGR) and the factors that have contributed to its decline in recent years. One factor is the price of crude oil, which has always been a large part of India's imports. Another factor is the disappointing global growth in the last decade, which affected India's exports. However, the recent recovery in India's exports of goods and services is a likely turning point, indicating that improvements in processes and physical infrastructure are beginning to enhance the competitiveness of India's merchandise exports. India's openness to trade is not limited to just exports, as the country continues to pursue an open-minded and pragmatic approach to international trade. It also explains that India's declining TGR is not a sign of increased insularity or withdrawal from the global trading system, but a reflection of underlying factors, and India's policies to support its industries and trade with other countries are working well.

Ukraine and Russia are two of the world’s biggest grain suppliers. Since the beginning of the war between the two, the world has had to suffer the consequences of massive shortage in grain supplies. A pact permitting grain exports over the Black Sea was extended by Russia and Ukraine on Wednesday, marking a rare instance of collaboration as the war rages between the two countries. The United Nations and the United States applauded the grain deal.

Gold today hit a life-time high of ₹61,145 per 10 gm on Multi Commodity Exchange (MCX). It continued its upward after making a new high on Tuesday. While climbing to record high on MCX, gold price hit 13-month high in international market. Silver rates today are also in uptrend hitting 12-month high in international market whereas it hit 22-month high on MCX.

Crude oil prices which touched rock bottom when the covid pandemic broke out in 2020 have gained steadily since then, as the world made progress in the battle against the coronavirus. However, with the onset of the Russia-Ukraine war in February and following supply chain disruptions, oil prices began climbing, peaking at $127.98 in March. With the global economy slowing down, crude oil prices fell as low as $76.1 in the first week of December. However, retail customers may have to wait longer for relief, why? Let us analyze the implications of cheaper oil for the Indian economy.

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