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2 clusters · 4 sources · 2 days · First seen · Last updated

Rising food commodity prices in India

Overview

Essential commodity prices are rising across parts of India, specifically impacting Guwahati and Gujarat. In Guwahati, staples such as sugar, onions, and various rice varieties have seen significant price hikes, with some residents attributing sugar shortages to the diversion of sugarcane for ethanol production.

In Gujarat, the surge is linked to a 15 percent decrease in sugarcane cultivation area. Data indicates that sugar prices rose by 40 percent in a two-month period, while onion prices have increased by 217 percent since 2013. Other significant increases include wheat flour and peanut oil. In response to these costs, the central government has approved the duty-free import of 1 million tonnes of raw sugar, though political representatives have criticized the management of production shortages and hoarding.

Entities

Guwahati · Dr. Manish Doshi · India · Assam · Gujarat Pradesh Congress Committee

Timeline

  1. 16 days ago

    [BUSINESS] 2 sources
    Commodity prices surge in Gujarat as sugar and onion costs rise

    Essential commodity prices in Gujarat are surging, with sugar up 127 percent over 13 years and onion prices rising 217 percent since 2013, prompting duty-free sugar imports.

  2. 17 days ago

    [BUSINESS] 2 sources
    Guwahati essential commodity prices surge amid rising food inflation

    Essential food prices for sugar, onions, and rice are surging in Guwahati, causing significant financial pressure on households and local businesses due to rising costs of staples.

Sources

abtakmedia.com · assamtribune.com · sentinelassam.com · tv9gujarati.com