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
it s a very, very big tailwind. and as you rightly point out, the whole industry is enjoying this tailwind. as the semi conductors crisis eases, all the parts shortages that they ve had to endure for the past 18 months are easing rapidly and they re able to book a whole load more sales. so, that is a big top line kind of benefit that s also feeding through to the bottom line. and in addition, i think it s probably fair to say that manufacturers have become quite adept at managing their model mix. so they re really selling on high margin products. and that s true to honda as well. so if you look at the operating margin, for example, that was up to 8.5% from 5.8% in the same quarter last year. and honda is doing particularly well in the us where it s managing to have transaction prices at sort of near record levels. to india now where farmers are enjoying a windfall due to high tomato prices.