Food costs
CRISIL says cost of veg thali fell by 4% YoY in July, non-veg by F9%
This story was originally published at 14:50 IST on 6 August 2024
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MUMBAI - The cost of a home-cooked vegetarian thali fell 4% year-on-year to 32.6 rupees in July and that of a non-vegetarian thali was down 9% from a year ago to 61.4 rupees, CRISIL's Market Intelligence and Analytics division said in a release today. The report attributed the fall in the cost of the vegetarian thali to a 40% on-year drop in tomato prices. Tomato prices had touched 110 rupees a kg in July 2023.
The cost of the vegetarian thali could have declined further, but an on-year 65% increase in prices of onion and 55% increase in prices of potato prevented that from happening, the report said.
The cost of the non-vegetarian thali declined because of an 11?ll in prices of broiler chicken. Broiler prices fell because of a high base of last year.
However, the cost of both the thalis were up on a sequential basis. The cost of vegetarian thali increased 11% and that of the non-vegetarian thali rose 6%, according to the report.
Rise in key vegetables - onion, tomato, and potato – led to the rise on month in the cost of the vegetarian thali. Out of the 11% increase in price of the vegetarian thali, 7?n be attributed to tomato prices. The cost also rose due to a 20% jump in the price of onion and a 16% rise in the price of potato on a monthly basis.
"Tomato prices have increased 55% on-month, to 66 rupees a kg in July from 42 rupees a kg in June," CRISIL's Market Intelligence and Analytics said in the report.
The rise in tomato prices was mainly because of high temperatures which impacted the summer crop in key states of Karnataka and Andhra Pradesh. Prices also rose due to scattered rainfall in May in Karnataka, which escalated whitefly infestation and impacted the crop output, the report said.
The rise in onion prices was due to lower rabi production, while the rise in potato prices was due to late blight infestation in Punjab, Gujarat, and Uttar Pradesh.
On a monthly basis, the cost of the non-vegetarian thali increased at a slower pace compared to the vegetarian thali. The slow rise in cost of the non-vegetarian thali was due to stable prices of broiler, which comprises more than 50% of the total price of the non-vegetarian thali, the report said. End
Reported by Shreya Shetty
Edited by Ashish Shirke
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