How tomato, potato, onion influence food inflation

Quick Summary:

High food inflation in India is driven by volatile tomato, onion, and potato prices due to short crop cycles, storage issues, and extreme weather.

An RBI working paper suggests reforms like private mandis, re-launching futures trading, and expanding cold storage facilities to stabilize prices and support farmers.

A recent RBI working paper has tried to examine the price dynamics in these commodities and offers some solutions to tame the high volatility.

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Article Details

Author / Journalist: Surojit Gupta

Category: EconomyBusiness

Markets: IndiaChinaSouth KoreaNew ZealandPakistan

Topics: Business news Potato prices Food inflation Supply chain issues Retail inflation Tomato prices Onion prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 03:24:46 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23024744

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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Year Established: 1838

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

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