- Onion, oil, sugar and now… prices are tight,
- Why the sudden increase in inflation?
- The budget will collapse during the festive season
Food Inflation: Inflation is currently rampant across the country. All this will have an impact on the common man's budget. Petrol diesel prices have been tight for the last few months due to the global political situation and its impact on fuel. After that, this wave has reached the common man's house. Everything in the kitchen has become expensive. Foodgrain prices have increased in the last week. Prices of sugar, onions, tomatoes and oil have also increased. After that, there has been a big increase in the price of pulses, and it is predicted to increase further. The government has been alerted to reduce inflation. But still what exactly is the situation”text-align: justify;”> TikTok Privacy Fine : Big bang for Tiktok! 3300 crore fine to be paid, tampering with children's privacy? What is the case?
Government efforts to reduce sugar prices?
Sugar prices have increased by Rs 7 last week and Rs 17 per kg last month, resulting in sugar now being sold at Rs 70 per kg. Government is trying to bring sugar prices under control. The government is using various methods to increase the supply of sugar in the market. For this, the government has approved duty-free import of 1 million tonnes of sugar till October 31. At the same time, limits have also been set to prevent this type of hoarding in the market. The third and important point is that directions have been given to the sugar mills to increase domestic production. It has also been asked to start early filtration from October 15.
Critics are of the opinion that ethanol is the cause of all these rising sugar prices. But the government has categorically denied such a situation. According to the government, the rise in sugar prices is said to be due to hoarding and fear of hoarding.
Why are onion prices increasing?
On August 21, the average price of onions was Rs 40.79 per kg. A week ago the same price was Rs 36.56 and a month ago it was Rs 34.87. This means the price of onion has increased by ₹4 to 5 per kg. The data shows that in some places the price has increased by up to 25 percent. The main reason for this increase in prices is said to be the disruption in the new kharif onion crop. The delay in monsoon in Maharashtra's Nashik and the impact on kharif onion sowing are all affecting onion prices. The government is selling onions from its buffer stock to keep prices under control.
Are the prices of pulses too tight?
Prices of pulses such as tur, moong, udaid and gram have also seen increases over the past month. Even though the increase is said to be Rs 1 to Rs 2, it is coming out to be a huge increase during the festive season. Monsoon is also believed to be the reason behind this price hike. According to statistics, the area under pulses this year is 35,000 hectares less than last year. The area under Turi cultivation is less by 1.69 lakh hectares. In such a scenario, low rainfall may further increase pulse prices.
Big impact on oil prices too
If the prices of other things are high, how can I keep up with oil? International palm oil prices have reached a 20-month high. Indonesia is the largest producer of palm oil. But the ongoing drought situation there is causing the oil prices to rise. Palm oil is the most widely used edible oil. India imports this oil and its prices are currently rising due to a decline in imports.
Along with this, the war between Russia and Ukraine is becoming the cause of every problem in the world. Imports of sunflower oil are also falling drastically due to the impact on India's refined oil imports. Not only this, the price of edible oil has also increased in the global market.
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