gram for gram, tomatoes have cost more than petrol in recent times. but climate change, high temperatures and floods have wreaked havoc on the harvests and the prices of the fruit that remain is forcing them off the menu even in international chains like subway and mcdonalds. given that the tomato has edged out the native tamarind from indian cuisine as the preferred source of sourness, its become an issue of sourness, it s become an issue for india s central bank. as nikhil inam dar reports. now almost a month on, this humble tomato which is really a vital ingredient in the base of most indian curries is out of reach of most people here. it used to cost roughly about $0.30 to $0.40, but now retails at $2 a kilo in markets like these. and evidently, there s a lot of anguish as a result of that.
to india now where farmers are enjoying a windfall due to high tomato prices..forcing them off the menu in many restaurants including international chains like subway and mcdonald s. these soaring prices will put pressure on india s central bank which is making its latest interest rate decision later this week. now almost a month on, this humble tomato which is really a vital ingredient in the base of most indian curries is out of reach of most people here. it used to cost roughly about $0.30 to $0.40, but now retails at $2 a kilo in markets like these. and evidently, there s a lot of anguish as a result of that. translation: i ve been selling i vegetables for 20 years, but never seen prices go so high. demand is definitely down. people who are buying five kilos earlier are now buying two kilos in anticipation that rates will come down by 20. now, there are many reasons why tomato prices have continued to go up. unseasonal rains and extreme weather not only damage the crop, but
bank profits and it was perceived to be quite sizeable so the government basically decided to step back a bit. again, it tells something about the degree of preparation of the measure before it, and also probably tells them it was basically driven by political consideration, not ethical consideration. i by political consideration, not ethical consideration. i wonder if we re going ethical consideration. i wonder if we re going to ethical consideration. i wonder if we re going to see ethical consideration. i wonder if we re going to see this ethical consideration. i wonder if we re going to see this again. i ethical consideration. i wonder if. we re going to see this again. thank you for time and thoughts. to india now where farmers are enjoying a windfall due to high tomato prices forcing them off the menu in many restaurants, including international chains like subway and mcdonald s. these soaring prices will put pressure on india s central bank, which is making its latest int
because of high tomato prices, this is forcing them off the menu of many international chains such as mcdonald s and subway. it is putting pressure on the bank, it is making its latest interest rate decision later on this week. almost a month on, this humble tomato, which is really a vital ingredient in the base of most indian curries is out of reach of most people here. i used to cost roughly about 30 cents a0 cents but now retails at $2 a kilo in markets like these and there is a lot of anguish as a result of that. translation: i lot of anguish as a result of that. translation: lot of anguish as a result of that. translation: i have been selling venetables translation: i have been selling vegetables for translation: i have been selling vegetables for 20 translation: i have been selling vegetables for 20 years translation: i have been selling vegetables for 20 years but - translation: i have been selling vegetables for 20 years but never| vegetables for 20 years but never see
japan is now almost a cheap labour cost country because the other countries, including asian countries, have been raising their wages so rapidly. this is instrumentalforjapan this is instrumental forjapan to this is instrumentalforjapan to attract talent overseas, so if this causes a wake up call, will be sustained momentum to increase wages. over to india now, which has also seen food inflation rise sharply especially for tomatoes. that ll continue to put pressure on the country s central bank, which is making its rates decision later this week. nikhil inamdar reports. almost a month on, this humble tomato, which is really a vital agreement in the base of most indian curries, is out of reach of most people here. it needs to cost roughly about 30 a0 cents, but now retails at about $2 a kilo in markets like these. and evidently there s a lot of anguish about that. translation: lot of anguish about that. translation: , , translation: i ve been selling venetables translation: i ve b