Trends in farm output show India’s horticulture output has been surpassing that of cereals, which are backed by federally fixed floor prices, due to high-yielding planting material and productivity-boosting practices.
Deflation in vegetables pushed wholesale inflation in March to a 29-month low at 1.43%.
Within the wholesale price index food basket, vegetables inflation fell 2.22%, compared with a far steeper fall of 21.53% in the previous month.
Wholesale inflation in food articles in March still rose 5.48%, compared with a rise of 3.81% in February, which means that the dip in prices was driven entirely by vegetables. Horticulture growers have been struggling with prices over the last two quarters of the current financial year.
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Denne historien er fra May 10, 2023-utgaven av Mint Mumbai.
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