Tomato prices spike 24% to Rs 43.7/kg as heatwave, weak monsoon squeeze supply
Retail tomatoes hit Rs 43.7/kg in June, up 24% YoY and 26% MoM, with Azadpur wholesale jumping 66% to Rs 2,700/quintal. Heatwaves and deficient monsoon disrupted Maharashtra, Karnataka and UP supplies. Elevated prices likely to persist for weeks, pressuring grocers, QSR chains and packaged-food margins through Q2.
Retail tomato prices jumped 24% YoY to Rs 43.7/kg as heatwaves and deficient monsoon hit supplies from Maharashtra, Karnataka and UP. Wholesale prices up 66% at Azadpur. Elevated prices likely to persist for weeks, pressuring grocery and QSR margins.