The kitchen budget is going to increase because food items have become expensive across the country in the last one week. Along with the price of sugar, the prices of onion, tomato and oil have also increased. Apart from this, the prices of pulses have also increased and further increase is predicted.
The government has become active in controlling the prices of these kitchen items, but there is concern about inflation. In the last one week, the prices of sugar have increased by Rs 7 and in the last one month it has increased by Rs 17 per kg, due to which sugar is now being sold at Rs 70 per kg.
What is the government doing to reduce sugar prices?
The government is working at three levels to control sugar prices. To increase supply in the market, duty free import of 10 lakh tonnes has been approved till 31st October. Along with this, stock limit has been fixed to prevent hoarding. Third- To increase domestic production, sugar mills have been asked to start crushing soon i.e. from 15th October. So that after the arrival of the new crop, enough sugar is available till the festivals.
Why are sugar prices increasing?
Critics say that the rise in sugar prices is due to ethanol, but the government has clearly denied this. The government says that the reason for the rise in sugar prices is the fear of hoarding. Some businessmen and traders have expressed fear of hoarding sugar. To stop this, the government has set a stock limit of 400 tonnes for traders till November 30.
Why did onion prices increase?
According to government data, the average retail price on August 21 was ₹40.79/kg. A week ago it was ₹36.56 and a month ago it was ₹34.87. This means that onion prices have increased by Rs 4 to Rs 5 per kg. In some places its price has increased by up to 25 percent. The main reason for the rise in these prices is the delay in the arrival of the new Kharif onion crop.
The arrival of Kharif onion from South India is getting delayed and in Nashik region of Maharashtra also, sowing of Kharif onion has been affected due to delay in monsoon. However, to control its price, the government is going to sell onion from the buffer stock.
Why are the prices of pulses increasing?
During the last one month, prices of pulses like arhar, moong, urad and gram have increased by Rs 1 to Rs 2. Monsoon is believed to be the reason behind the increase in prices. According to the data, this year the area under sowing of pulses is 35 thousand hectares less than last year. The area under sowing of pigeon pea is less by 1.69 lakh hectares. In such a situation, the prices of pulses may go up further due to the fear of weak monsoon.
Effect on oil prices also
There has been a sharp rise in the prices of palm oil in the international market, which has reached the highest level in 20 months. Indonesia is the largest producer of palm oil and due to drought conditions there, palm oil prices have increased. Palm oil is most commonly used as edible oil. In such a situation, India imports this oil and due to less imports, its price is increasing.
Apart from this, the import of sunflower oil is also decreasing because India’s refined oil imports have been affected due to the war in Russia and Ukraine. Apart from this, the prices of edible oil have also increased in the global market. During the last one month, the prices of edible oil have increased by 2 to 3 percent. There has also been a rise in the prices of mustard oil and other edible oils.
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