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    The Stavropol Seed Gamble: Can a New Cluster Realistically Break Russia’s Sugar Beet Dependency?

    The Stavropol Seed Gamble: Can a New Cluster Realistically Break Russia’s Sugar Beet Dependency?

    Breaking the Seed Barrier: Kuban’s Ambitious Plan to Achieve Sugar Beet Sovereignty

    Breaking the Seed Barrier: Kuban’s Ambitious Plan to Achieve Sugar Beet Sovereignty

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    Beyond the Beet Pile: A Deep Dive into Lipetsk’s High-Efficiency Sugar Industry and Its National Impact

    Record Sugar Beet Yields Defy Weather Challenges: Belarus Targets 670,000 Tons of Sugar

    Record Sugar Beet Yields Defy Weather Challenges: Belarus Targets 670,000 Tons of Sugar

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    Belarus Harvest 2024: Strong Yields for Sugar Beet and Cereals Amid Strategic Focus on Winter Sowing

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    The Agronomic Powerhouse: Validating Cabbage’s Superior Nutritional Profile and Market Potential

    Beyond the Plate: Broccoli Bouquet Signals a Shift in Consumer Values and Agricultural Branding

    Beyond the Plate: Broccoli Bouquet Signals a Shift in Consumer Values and Agricultural Branding

    From the Volga to the Bosphorus: Russian Pickle Producer Expands into Turkish and Halal Markets

    From the Volga to the Bosphorus: Russian Pickle Producer Expands into Turkish and Halal Markets

    A Double-Edged Sword: Soaring Chinese Cabbage Imports into Zabaykalsky Bring Heightened Biosecurity Risks

    A Double-Edged Sword: Soaring Chinese Cabbage Imports into Zabaykalsky Bring Heightened Biosecurity Risks

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    A Double-Edged Sword: Soaring Chinese Cabbage Imports into Zabaykalsky Bring Heightened Biosecurity Risks

    A Double-Edged Sword: Soaring Chinese Cabbage Imports into Zabaykalsky Bring Heightened Biosecurity Risks

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    Beyond the Field: How Cooperative-Led Education is Revolutionizing Garlic and Onion Production

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    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Kazakhstan’s Agri-Strategic Pivot: A Data-Driven Shift from Wheat to Value-Added Crops

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

    Pushing the Climate Envelope: Kaliningrad Farmer Targets 15-Ton Watermelon Harvest

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    Hungary’s Sour Cherry Crisis: Frost Decimates Harvest While Global Demand Soars

    Cabbage Compound Breaks Down Dental Plaque by 90% – A Game Changer for Oral Health and Agriculture

    Cabbage Compound Breaks Down Dental Plaque by 90% – A Game Changer for Oral Health and Agriculture

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The Impact of Tomato, Onion, and Potato on Inflation in India

by Devendra Kumar
May 23, 2024
in Market, News, Onion, Tomato
0
The Impact of Tomato, Onion, and Potato on Inflation in India

The significance of tomato, onion, and potato (TOP) in influencing inflation trends underscores the necessity for strategic policy interventions and a comprehensive understanding of agricultural supply chains.

In India, inflation serves as a crucial indicator of economic well-being, reflecting changes in the general price level and cost of living. The Consumer Price Index (CPI) is utilized to gauge price inflation, with vegetables accounting for a notable 6.04% weight in the total basket of 299 items. Among vegetables, TOP carries a weightage of 2.2% in the overall CPI basket for an average Indian household, playing a pivotal role in shaping food and beverages inflation as well as headline CPI figures.

The year FY2023-24 witnessed a significant 15% surge in vegetable prices in India, with prices fluctuating notably month-to-month. Despite vegetables constituting only 6% of the CPI basket, their impact on inflation peaked at approximately 30% in February and March 2024. Tomato prices, in particular, skyrocketed by 202% in July 2023, contributing significantly to headline inflation despite their minimal weightage in the CPI basket.

The volatility and prominence of TOP in driving inflation underscore the importance of targeted policy measures and a deeper comprehension of agricultural dynamics. Given the perishable nature of these crops and the challenges posed by various stresses, enhancing agricultural value chains and cold storage facilities, ensuring fair prices for farmers, and addressing input cost disparities are crucial steps to mitigate inflation volatility and support farmers in the cultivation of these essential crops.

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