According to CRISIL Research data, the tomato prices in India, which surged by 142% year-on-year in November, will continue to go up over the next 45-50 days. Traditionally, in the period October to December, states such as Karnataka, Andhra Pradesh, and Maharashtra are major tomato suppliers. However, excessive rains in these regions have destroyed standing crops, which has caused supply problems.
Hetal Gandhi, director of CRISIL Research: "The year 2021 had an irregular South-West monsoon, which triggered an increase in perishables prices. And, once again, the North-East monsoon is wreaking havoc on these crops. From October 1st to November 24th, cumulative rains were 47% more than normal. These excessive rains have adversely harmed crops such as tomato, okra, and capsicum, to mention a few, leading to a spike in crop prices."
