Inflation

Crops have suffered a lot due to excessive rain. Due to this, the production of many types of vegetables including parwal, radish, cauliflower and brinjal has declined. Let us tell you that due to the rains, the arrival of vegetables in the markets has been greatly affected, the prices of vegetables have increased once again. The intermittent rains in Bihar for the past several days have once again increased inflation. Especially the prices of vegetables have gone up. The matter of inflation is that on Thursday evening the price of many vegetables has reached around Rs 100 per kg. In such a situation, green vegetables have become extinct from the common plate. Also, traders say that along with the rains, the price of vegetables has increased so much due to the Jitiya festival.

Also read: Farmers are making huge profits growing green vegetables instead of traditional crops

In fact, it has been raining intermittently for the last four-five days in the entire Bihar state including the capital Patna. Because of this, the price of green vegetables has reached sky high. It is being said that due to bad weather, the arrival of vegetables in the markets has also been greatly affected. Due to this, their price has increased by Rs 10 to Rs 20 per kg.

At what price are vegetables being sold?

Local vegetable shopkeepers of Patna say that there has been a huge increase in the prices of vegetables in the last four to five days. Cauliflower, which was priced at Rs 40 per kg four days ago, is now being sold at Rs 60 to Rs 80 per kg. Similarly, tomatoes and nanua have also become very expensive. Both these vegetables are being sold for up to Rs 30 per kg.

Also read: By growing vegetables at home you can have fresh and clean vegetables for free

Prices will increase during Navratri

The special thing is that Sarputiya (Bourd Gourd) is making most people cry. On Thursday evening it had become Rs 200 per kg, whereas in such conditions it was sold at Rs 10 to Rs 20 per kg. Also, a lot of people were buying Sarputiya (Bucumber) even at Rs 10 a piece. Also, farmers say that due to the torrential rains in the month of October, the flowers of vegetables have fallen. At the same time, crops of other vegetables including brinjal, cabbage and radish got spoiled in the field itself. In such a situation, there has been a decline in the production of vegetables. Jai Prakash Verma, Vice President of Fruit Vegetable Association of Patna Market Committee, has said that the price of fruits is currently stable. But, there may be a rise in their prices during Navratri.

For your information let us tell you that Food Secretary Sanjeev Chopra says that the Central Government is making every effort to control inflation. Strict action is being taken against those who hoard food items. Central and state government teams are conducting raids at various places. In fact, before the beginning of the festive season, the Central Government has made all preparations to prevent inflation. Now in such a situation, the general public does not need to worry about inflation. Food items will be available at reasonable prices on Ganesh Chaturthi, Durga Puja, and Diwali. The central government has said that it has sufficient reserves of sugar. Now the public will have no shortage of sugar during the festive season. The supply of sugar in the market will continue as per the demand so that the prices remain controlled. He said that currently there is a stock of 85 lakh tonnes of sugar in the government stores. In such a situation, the general public does not need to worry about inflation.

There will be no impact on sugarcane yield

Sanjeev Chopra says that wheat prices are increasing artificially. But, soon this too will be controlled. He said that there is a rumor that due to less-than-average rainfall this year, sugarcane production may decline. But, this is not true at all. According to him, there will be no decline in sugarcane production. 

Also read: Detailed information related to sugarcane cultivation

Prices of rice increased by 10%

He said that due to rumors, the price of rice has increased by 10%. But, there will be an excellent yield of paddy in the crop season 2023-24. Now in such a situation, prices will fall due to the arrival of new rice in the market. He has said that the storage limit on wheat has been reduced. Farmers also felt extremely happy when the price of rice increased. Because paddy is a Kharif crop. The right time has come for harvesting this Kharif crop. The time of harvesting of Kharif crop rice is going on. Now in such a situation, if the price of rice increases then farmers will get a lot of benefits.

How much paddy is produced in India

India is the second country in terms of paddy production. India exports rice to foreign countries. India ensures the food supply of rice to the world. Many countries depend on India. If rice production in India decreases, it affects the food security of the entire world. India is well known for the production of different varieties of rice. Nepal remains largely dependent on rice from India.

Not only the people of India are disturbed by inflation, but there is an outcry in the whole world with inflation. The problem of inflation is that sugar in the international market has reached a 12 -year highest level. It has become 48 percent expensive in a year.

Due to the rising price of sugar, the budget of the kitchens of people all over the world has been shaken. The price of sugar has reached a 12 -year high due to huge gaps in supply and demand. On September 19, the price of sugar rose to $ 27.5. In such a situation, it is being said that so far this year, the price of sugar has increased by about 30 percent. The special thing is that America is also not saved from the rising price of sugar. Even today, sugar is still trading around $ 27.

Inflation has increased all over the world

Business experts say that due to affecting production of sugar in India, inflation has increased not only in India, but all over the world. The price of sugar in almost all countries has reached the seventh sky. However, in view of the festive season in India, the central government has geared up to curb the rising prices of sugar. The government can release 1.3 million tonnes of sugar quota in the open market.

Also read: sugar products became expensive in many powerful countries due to ban on sugar exports by India

The government is constantly monitoring sugar

Hemant Shah, co-founder of AgriMandi, says that the government has been monitoring sugar continuously for the last two months. The government is also taking action from time to time. It is the effort of the government that the supply of sugar in the market should not be affected during the festival like Durga Puja and Diwali, so that prices remain under control.

Also read: Now government can ban sugar exports soon

Sugar has become 48 percent expensive in a year

According to the information, due to drought and low rainfall, there has been a decline in sugar production in India as well as Thailand. Due to this, the prices of sugar are increasing. At the same time, Brazil has a great yield of sugar. Despite this, the price of sugar in the international market is increasing. Sugar has become 0.22 percent expensive in the last one week in the international market. Also, in the last 1 month, there has been a 13 percent increase in the price of sugar. At the same time, it has become 48 percent expensive in 1 year.

Central government had made all the arrangements to stop the inflation before the upcoming festivals like Durga Puja and Diwali. The government has its focus on farmers too along with common people. For the same reason, the centre had abolished the export duty charges from regular varieties of onion. The central government has taken a big decision for Onion producing farmers. They have removed export duty over onions. Millions of farmers took a breath of relief after this. It is being said that it will benefit the farmers. They will get good prices for onions now. Whereas, the finance ministry has also issued a notification regarding removal of export duty over onions. The special thing about this is that the central government has removed export duty on only Bengaluru Rose varieties of onions. The government stated in its notification that the permission to export has been made on some terms and conditions. According to the government, from this decision, Onion producers will get the benefit directly.

Read this also: due to decrease in the price of onions, problems have arisen for Gujarat farmers

At what rates, onions are being sold 

Actually, to Stop the increasing price of onions, the central government had put a 40 percent export duty on onions in the last month of August. At that time, the government justified it as their step to stop the inflation. The export duty will be charged on onion till 31 December 2023. The government expected that this will decrease the export of onions from the country and the stock of onion will increase. This will result in decreasing the rates of onions in the market. However, this decision of the government resulted in lowering the price of onions. At present the 40 rupees selling onions are now sold at 30 to 35 rupees per kilogram.

Read this also: the price of onion in this country has blown up the minds of common people

The supply of onion is done in these countries 

Let us tell you that this Bengaluru rose variety of onion has high demand in foreign countries. Its major export is being done in countries like Thailand, Taiwan, Malaysia and Singapore. Along with this, the exporters will have to show the certification of quality of Bengaluru rose onion for export in the horticulture commission of Karnataka. As the government has made it compulsory to show the certification.

In the past few days, the price of onion has skyrocketed to Rs 100 per kilogram in several Indian states. Additionally, on Friday, the average wholesale price of onion in Lasalgaon, which is India's largest wholesale onion market, plummeted by 24% in just five days, to Rs 3,650 per quintal. It's worth noting that the recent surge in onion prices before the Diwali festival has raised concerns among consumers. As a result, the Central Government has taken several measures to curb the rise in prices. Furthermore, the Department of Consumer Affairs is considering setting a minimum export price (MEP) of $800 per tonne of onion from October 29, 2023, to December 31, 2023, to address the decline in exports and increase supplies in the domestic market.

Onion prices fall by 24 percent in Lasalgaon

On Friday, it was reported by a media agency that the average wholesale prices of onions in Lasalgaon, India's largest wholesale onion market, had dropped by 24 percent in just five days to Rs 3,650 per quintal. Interestingly, the average wholesale price of onions in Lasalgaon had increased from Rs 2,050 per quintal on October 3 to Rs 4,800 per quintal on October 28. The recent surge in onion prices could be attributed to several factors, including a shortage of supply in both domestic and export markets. In light of this, it would be beneficial to discuss in detail the possible reasons behind the increase in onion prices.  

Also read: The central government has completed its preparations to control inflation before the festival. As a part of this effort, the government has imposed a 40 percent tax on the export of onions to limit their sale in the international market. Previously, there was no export tax on onions. Additionally, the Center has set the Minimum Export Price (MEP) for onion exports at Rs 66,730 per tonne, which means that until December 31, 2023, no onion trader can export onions at a price lower than this.