'High Tomato Price Periods Are Short-Lived': RBI Shares 5 Facts About Tomato Rates - News18
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RBI says tomato price volatility gets transmitted to prices of other vegetables in both retail and wholesale markets. RBI in its Bulletin July 2023 says episodes of high tomato prices are short-lived; they stay above Rs 40 for an average duration of 2.6 fortnights, whereas remain below Rs 20 for 10 fortnights Even as tomato prices have reached as high as Rs 250 per kg in various parts of the country, the kitchen essential has “received widespread attention as it has taken a toll on households’ budgets", according to the ‘ RBI Bulletin — July 2023′ . The RBI said tomato prices stay above Rs 40 for an average duration of 2.6 fortnights (or 39 days), whereas prices remain below Rs 20 for an average duration of 10 fortnights (150 days). The central bank in the report also said the recent spike in tomato prices was on account of crop damage due to inclement weather and pest attacks in the major production belts. Here’s what the latest RBI Bulletin, released on Monday, July