Amid rising tomato prices that are burning a hole in common man's pocket across the country, the government on Friday said the prices of the commodity are expected to stabilise within the next 15 days.
The surge in farm prices is only being partially passed on to the consumers, thereby securing the interests of both the stakeholders -- consumers and farmers.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
According to the vegetable vendors too, there will be no reduction in price in the near future amid the shortfall in supply.
The farmers at Goghat Kamarpukur Dankbanglo Wholesale Market threw their vegetables on the road as a mark of protest for being deliberately deprived of a justified price.
After rising over three year high level of $80 a barrel earlier this week, global benchmark came down to $78 a barrel and now is again up to $81 a barrel while OPEC+ deciding to stick to its marginal production easing plan and market remaining tight.
Disruptions in the US Gulf Coast production following Hurricane Ida and other storms have led to sharp draws in the American and global inventories
The Centre on Friday said prices of eight types of edible oils in the wholesale markets across the country are showing a declining trend over the last week.
The Centre's decision to bring fuel into the GST net is expected to bring petrol prices down from Rs 104 per litre in Karnataka to Rs 59 and the price of diesel will fall from Rs 94 to Rs 50
In Mumbai, the petrol price is stable at Rs 107.26 per litre, while the diesel rate also remain unchanged at Rs 96.19 a litre.
