Tomato prices eased by 17% year-on-year in November, while potato and onion prices fell by 29% and 53%, respectively. “Tomato prices eased due to increased arrivals in the market while potato prices were lower because of a high base,” said Pushan Sharma, director, Crisil Intelligence.
“Onion prices fell sharply, supported by high rabi stock from the previous season and muted exports,” he added. Pulses became 17% cheaper as stocks rose this year, due to higher imports of Bengal gram, yellow pea and black gram in FY25.
According to Crisil, prices are expected to rise over the medium term.
Sharma said onion prices may firm up due to kharif harvesting and lower yields, while potato prices could ease further as cold-storage stocks are released into the market.