Unseasonal rain likely to drive up the cost of commodities that are in low supply

Updated : Mar 24, 2023 12:03
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Editorji News Desk

Your monthly provisions bill is likely to see an increase. This, as a result of unseasonal rainfall which is likely to lead to prices rising of certain items, and especially those in short supply. 

Prices of items such as wheat, jeera, chana, and various fruits and vegetables could spike. 

Due to the widespread rainfall in wheat-growing states like Rajasthan, Madhya Pradesh, Gujarat, Bihar, Gujarat, and Maharashtra, wheat output is anticipated to decrease by 3-4% and prices have already done up around 4%, as per an Economic times report. 

The majority of the chana grown in the nation's top chana-producing state of Madhya Pradesh will suffer damage, with about half of the harvest still present in the fields.

The report also says that Isabgol, a significant cash crop in Rajasthan that is primarily shipped, has lost up to 50% of its value. Due to crop devastation caused by rain, grape prices have dropped by 30% to 40% in the past week. Costs of jeera, which were already at record high levels, have increased by 6-7% over the last three to four days.

Wheat, mustard, chana, as well as summer fruits like mangoes, watermelons, muskmelons, bananas, and vegetables, that were ready for harvest, have all been harmed by the recent heavy rainfall.

 

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