Veg Thali At Rs 29, Non-Veg At Rs 55: Meals Become Cheaper In August, Says Crisil | Business News


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Crisil’s Roti Rice Rate report shows August costs for vegetarian and non-vegetarian thalis fell 7 percent and 8 percent, led by lower onion, potato, pulses, and broiler prices.

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eg Thali Now Rs 29, Non-Veg Rs 55 as Costs Become Cheaper in August

eg Thali Now Rs 29, Non-Veg Rs 55 as Costs Become Cheaper in August

The average costs of home-cooked vegetarian and non-vegetarian thalis declined 7 per cent and 8 per cent, respectively, in August amid benign commodity prices, as revealed by Crisil’s monthly ‘Roti Rice Rate’ report.

The decline in the cost of vegetarian thali was led by a sharp drop in prices of onion, potato and pulses.

The costs of veg and non-veg thalis stood at Rs 29.1 and Rs 54.6, respectively, in August.

Prices of potato and onion declined 31% and 37% on-year, respectively, on a high base. In the year-ago period, potato production had shrunk 5-7% due to blight infestation and weather changes, pushing up the prices. This year the production is estimated to be 3-5% higher. For onion, an 18-20% rise in annual production has led to a fall in prices this year.

Vegetable oil prices surged 24% on-year due to higher demand at the start of the festival season. Additionally, a 6% onyear increase in prices of liquefied petroleum gas cylinders limited the decline in the overall cost of thalis

The decline in the cost of non vegetarian thali was driven by ~10% on-year drop in broiler prices, which make up about 50% of the cost. Lower vegetable and pulses prices also supported.

However, on-month, the cost of vegetarian and non-vegetarian thalis rose 4% and 2%, respectively, in August.

Tomato prices surged 26% on-month, driven by a 35% decline in arrivals, which, in turn, pushed up the cost of thalis. Meanwhile, potato and onion prices remained stable on-month as stored stocks were released in the market

The rise in the cost of non-vegetarian thali was capped as oversupply of broilers kept their prices stable on month despite a rise in demand with the conclusion of the Shravan month.

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Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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