Wayward and excess rains have resulted in the ongoing spike in vegetable prices, and the price of tomatoes will continue to be at multiplied ranges for 2 greater months, Crisil Research stated on Friday.
The situation in Karnataka, one of the principal tomato developing regions, is so "grim" that the vegetable is being despatched from Maharashtra's Nashik, it said, pointing to on-floor interactions.
Crisil Research said status crops were damaged because of extra rains in Karnataka (one hundred and five in keeping with cent above everyday), Andhra Pradesh (forty consistent with cent above regular) and Maharashtra (22 in step with cent) which are key providers all through October-December period.
Prices have risen 142 in keeping with cent as on November 25 and could continue to be elevated for 2 extra months until harvest from Madhya Pradesh and Rajasthan starts attaining the markets from January, it said.
At gift, tomatoes are promoting at Rs forty seven in line with kg and the fee will decline through 30 in line with cent once the clean arrivals start, it delivered.
In the case of onion, the document said transplanting became delayed within the key growing regions of Maharashtra due to deficit rains in August which in flip delayed arrivals in October, main to a 65 according to cent boom in onion fees in comparison with September.
However, in the case of onions, fresh arrivals from Haryana are expected to start in 10-15 days in order to cool the expenses.
For potato, any other rabi crop, sowing season has been hit hard because of immoderate rains in Uttar Pradesh, West Bengal, Bihar and Gujarat, it said.
The researchers' on-ground interactions advise excessive water logging inside the fields may additionally warrant resowing of potato tubers, adding to the fee of farmers. If the heavy rains keep, expenses could be better for 2 extra months, it stated.
Prices of okra or woman finger will begin easing within the next three weeks, it said, adding that heavy rains for the duration of sowing and early vegetation stage has been hit in production areas like Andhra Pradesh and Gujarat.
Production of other greens, which includes capsicum and cucumber, has also been hit, it said.
"Net-net, any respite in vegetable expenses in the short-term will be a characteristic of the way it pours from right here. Hopefully, as the north-east monsoon beats a retreat, the worst can be over for vegetable costs," it said.
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