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New Delhi, Nov 7 (IANS) The prices of home-made vegetarian and non-vegetarian thalis declined by 17 per cent and 12 per cent (year-on-year), respectively, in October, mainly due to a sharp fall in the prices of vegetables and pulses, a CRISIL report said on Friday.
Potato prices declined 31 per cent year-on-year on a higher basis, with production in the Rabi season 2024-2025 rising 3-4 per cent year-on-year, while tomato prices declined 40 per cent year-on-year due to higher supplies from western and southern markets, according to CRISIL’s monthly indicator of cost of food plate.
According to Pushan Sharma, Director, Crisil Intelligence, onion prices fell due to increase in supply of stocks from Rabi season 2024-25, ahead of the arrival of Kharif crop in the market from November.
“Pulses prices also witnessed an improvement due to increase in imports of Bengal gram, yellow pea and black gram. In the medium term, onion prices may see a moderate rise as excess rainfall in August and September in major producing states like Karnataka and Maharashtra has led to delays in kharif planting and increased yield concerns,” Sharma said.
Potato prices are expected to remain stable in November due to low supply of early Rabi crop, but may decline after cold storage releases its stocks by mid-December.
According to the report, tomato prices are likely to remain soft amid continuous Kharif arrivals.
Pulses prices may rise in the short term, reflecting the impact of excess rainfall on kharif yields and the recent imposition of 30 per cent import duty on yellow peas. Sharma said should the government increase import duty on other pulses, prices could see a steep rise.
The cost of the non-vegetarian thali came down relatively as broiler prices declined marginally by 6 per cent year-on-year. The broiler accounts for about half of the cost of the plate. However, lower prices of vegetables and pulses helped reduce the overall cost.
–IANS
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