India: After Delhi NCR, tomatoes are being sold at Rs 60/kg in select locations in Mumbai

Published 2024년 7월 31일

Tridge summary

The National Cooperative Consumers’ Federation of India Limited (NCCF) has initiated market intervention to stabilize soaring tomato prices in Mumbai retail markets. The intervention aims to ensure reasonable profit margins at the retail level, prevent windfall gains to intermediaries, and protect consumer interests. Tomato sales will start at Rs 60 per kilogramme across several locations in Mumbai, with potential expansion to other retail locations. This initiative is part of the government's Price Stabilisation Fund mechanism to address rising food prices, which have nearly doubled year-on-year in June, reaching 8.36%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mumbai (Maharashtra) [India], July 31 (ANI): The National Cooperative Consumers’ Federation of India Limited (NCCF) has initiated market intervention to stabilize soaring tomato prices in the retail market in Mumbai. This intervention is aimed at ensuring that profit margins remain reasonable at the retail level, preventing windfall gains to intermediaries, and thereby protecting the interests of consumers. To begin with, tomato sales will start today at the following locations at Rs 60 per kilogramme: NCCF office, Chinchpokli/Lower Parel, Sion Circle, Worli Naka, and Ashokvan, Borivali East. “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 agency’s Mumbai-Nashik branch said on Wednesday in a press note. In the coming days, the number of ...

Source: Theprint