Business

Garlic Prices Surge to ₹400/kg: What’s Behind the Sudden Doubling in Spice Costs?

Garlic prices have nearly doubled over the past few days, making it the latest victim of basic commodity price inflation. In certain regions, the cost of garlic has risen to ₹400 per kilogram, owing to a shortage.

One of the spices that is used the most liberally in India, garlic, has seen a price increase in the last few days, with some retail markets selling it for as much as ₹300 to ₹400 per kg. It is anticipated that the prices will stay high through the end of the year.

Also Read: Delhi: Court extends AAP leader Manish Sisodia’s judicial custody until January 10

According to the source, garlic is currently being sold in wholesale markets for between ₹130 and 140, representing a significant increase in wholesale prices. Meanwhile, wholesale prices for premium garlic range from ₹220-250 per kg.

Why has the cost of garlic doubled?

Garlic was the next spice whose price doubled in less than a week, after onions. Due to crop damage from extreme weather, there is a decreasing supply of garlic nationwide, which is the cause of the high prices.

Many garlic crops were destroyed in parts of India due to unseasonal rainfall brought on by Cyclone Michaung. Due to this, there is a severe scarcity of spices on the market, which has caused prices to double.

Also Read: Alexei Navalny Prime Political Rival Of Russian President Vladimir Putin Goes Missing Just Before Presidential Polls

Until the new yield enters the market, which may happen by the end of the month, prices are predicted to rise nationwide. The winter months usually see an increase in garlic prices because of the low supply and yield.

Following the shortage of onions, which resulted in high prices and low supply in wholesale markets, there has been an unanticipated increase in the price of garlic. The Center made multiple attempts to lower the prices, but the rates stayed the same at ₹300–400 for retail and approximately ₹200 for wholesale.

The unexpected and extreme weather conditions in some parts of India, which resulted in low crop yield, are the cause of the abrupt increase in the prices of essential fruits and vegetables.

Naiteek Bhatt

Recent Posts

Army Clarifies: Agniveer’s Family Paid ₹ 98 Lakh, Countering Rahul Gandhi’s Claim

The clarification came within two hours of a video message by Rahul Gandhi, doubling down…

5 hours ago

New People-Centric Criminal Laws Promise Faster Justice For Victims, Says Former Police Officer

After the implementation of these three new criminal laws, various legal experts and police-administration officials…

5 hours ago

Indian Cricket Team To Meet PM Modi At 11 AM, Rajeev Shukla Confirms Full Schedule

Once in Mumbai, the team will head to the Wankhede Stadium, where an open bus…

5 hours ago

Govt Announces Sale Of Bonds Worth Rs 28,000 Crore For Sale On July 5

Up to 5 per cent of the notified amount of the sale of the securities…

6 hours ago

Sonia Gandhi’s 2012 Video Surfaced Amid Backlash Against Rahul; Both Are Seen Provoking MPs To Disrupt House

The video, pertaining to 2012, shows Sonia Gandhi directing the party lawmakers to create disruptions…

6 hours ago

Cabinet Committees Named, Maximum Representation Since 2014 For BJP Allies

The BJP's allies in the NDA have got the highest representation in the Cabinet Committees…

6 hours ago