NEW DELHI: The National Cooperative Consumers’ Federation of India Limited (NCCF) on Wednesday initiated methods to handle the rising price of tomatoes in Mumbai’s retail market.
The organisation is shopping for tomatoes from wholesale markets and providing them to customers at extra inexpensive costs. The objective of this market intervention is to maintain retail revenue margins at an inexpensive stage and forestall intermediaries from making extreme positive aspects to intermediaries, and thereby defending the pursuits of customers.
Starting immediately, tomatoes will probably be accessible for buy at Rs 60 per kg at sure areas. “By this intervention, NCCF seeks to cool off price rises and maintain price stability in the market, benefiting consumers and promoting fair trade practices. This intervention demonstrates NCCF’s commitment to protecting consumer interests and promoting a stable market ecosystem,” the central company’s Mumbai-Nashik department mentioned in a press word.
The National Cooperative Consumers’ Federation (NCCF) has introduced plans to broaden its retail presence in the close to future to enhance shopper accessibility. This transfer comes amidst stories of tomato costs surging previous Rs 100 per kilogram in retail markets, though costs have lately softened.
Indian customers proceed to grapple with the burden of escalating meals costs, as evidenced by the near-doubling of the meals inflation charge in June in comparison with the earlier yr.
Food inflation virtually doubled to eight.36 per cent final month, versus 4.63 per cent reported in the in the identical month of 2023, official information confirmed stories ANI.
The retail inflation charges for numerous meals classes, together with cement and merchandise, meat and fish, eggs, milk and merchandise, oils and fat, fruits, greens, pulses and merchandise, sugar, spices, ready snacks, and sweets, skilled month-on-month will increase.
In June, India’s general retail inflation charge intensified, deviating from the moderating pattern noticed in current months. This shift could be attributed to the upward stress exerted by rising meals costs.
(With inputs from companies)
The organisation is shopping for tomatoes from wholesale markets and providing them to customers at extra inexpensive costs. The objective of this market intervention is to maintain retail revenue margins at an inexpensive stage and forestall intermediaries from making extreme positive aspects to intermediaries, and thereby defending the pursuits of customers.
Starting immediately, tomatoes will probably be accessible for buy at Rs 60 per kg at sure areas. “By this intervention, NCCF seeks to cool off price rises and maintain price stability in the market, benefiting consumers and promoting fair trade practices. This intervention demonstrates NCCF’s commitment to protecting consumer interests and promoting a stable market ecosystem,” the central company’s Mumbai-Nashik department mentioned in a press word.
The National Cooperative Consumers’ Federation (NCCF) has introduced plans to broaden its retail presence in the close to future to enhance shopper accessibility. This transfer comes amidst stories of tomato costs surging previous Rs 100 per kilogram in retail markets, though costs have lately softened.
Indian customers proceed to grapple with the burden of escalating meals costs, as evidenced by the near-doubling of the meals inflation charge in June in comparison with the earlier yr.
Food inflation virtually doubled to eight.36 per cent final month, versus 4.63 per cent reported in the in the identical month of 2023, official information confirmed stories ANI.
The retail inflation charges for numerous meals classes, together with cement and merchandise, meat and fish, eggs, milk and merchandise, oils and fat, fruits, greens, pulses and merchandise, sugar, spices, ready snacks, and sweets, skilled month-on-month will increase.
In June, India’s general retail inflation charge intensified, deviating from the moderating pattern noticed in current months. This shift could be attributed to the upward stress exerted by rising meals costs.
(With inputs from companies)
