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Time of India
2 days ago
- Business
- Time of India
Government to discontinue Bharat brand products as food prices stabilise
The government has decided to discontinue Bharat brand products as prices of essential food items such as wheat, rice and pulses have stabilised, with food inflation falling to 1.78% in April from 8.7% a year ago. With this, the Centre has made the Bharat brand, a label it launched in 2023 to provide food grains and other essential food items to the middle class at subsidised prices, a periodic tool for price stabilisation instead of a perennial product. "We have decided to discontinue the Bharat brand products as prices of all major food items have come down because of increase in production," said a senior government official from the consumer affairs, food and public distribution ministry, who did not wish to be identified. Retail stores owned by government agencies - National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India (NCCF) - have stopped selling Bharat Atta, Bharat Rice and Bharat dals in their stores. India has produced record rice, wheat and maize in the 2024-25 kharif season, according to the agriculture and farmers' welfare ministry's second advance estimates of production of major agricultural crops. Production of major pulses - tur, gram and lentils - has also gone up compared to the previous season, bringing prices under control. The forecast of a good monsoon during the June-September period has led to expectations of a robust production which will help keep prices under check. "There does not seem to be an immediate need to sell food at subsidised prices," the official said. The cost of home-cooked vegetarian and non-vegetarian thalis declined by about 6% each year-on-year in May, said ratings agency Crisil in its latest 'Roti Rice Rate' report. However, there is a possibility of launching the next phase of the brand in case prices go up in the future or if the government's procurement of a certain item increases, the official said.
Time of India
3 days ago
- Business
- Time of India
Government to discontinue Bharat brand products as food prices stabilise
The government has discontinued the Bharat brand products, including subsidized wheat, rice, and pulses, due to stabilized prices and decreased food inflation. Increased domestic production of rice, wheat, maize, and pulses, coupled with a favorable monsoon forecast, has led to this decision. The Bharat brand may be reintroduced if prices rise again in the future. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Cons. Products 1. GCMMF launches Amul Milk in Spain The government has decided to discontinue Bharat brand products as prices of essential food items such as wheat, rice and pulses have stabilised, with food inflation falling to 1.78% in April from 8.7% a year this, the Centre has made the Bharat brand, a label it launched in 2023 to provide food grains and other essential food items to the middle class at subsidised prices, a periodic tool for price stabilisation instead of a perennial product."We have decided to discontinue the Bharat brand products as prices of all major food items have come down because of increase in production," said a senior government official from the consumer affairs, food and public distribution ministry, who did not wish to be stores owned by government agencies - National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India (NCCF) - have stopped selling Bharat Atta, Bharat Rice and Bharat dals in their has produced record rice, wheat and maize in the 2024-25 kharif season, according to the agriculture and farmers' welfare ministry's second advance estimates of production of major agricultural crops. Production of major pulses - tur, gram and lentils - has also gone up compared to the previous season, bringing prices under forecast of a good monsoon during the June-September period has led to expectations of a robust production which will help keep prices under check. "There does not seem to be an immediate need to sell food at subsidised prices," the official cost of home-cooked vegetarian and non-vegetarian thalis declined by about 6% each year-on-year in May, said ratings agency Crisil in its latest 'Roti Rice Rate' report. However, there is a possibility of launching the next phase of the brand in case prices go up in the future or if the government's procurement of a certain item increases, the official said.
Time of India
3 days ago
- Business
- Time of India
Thali prices in May: Home-cooked food slightly more affordable; relief in veggies and broiler prices
Home cooking became a bit cheaper in May as vegetable prices went down, the Roti Rice Rate report by Crisil Market Intelligence and Analytics said. The report released on Thursday stated that the average price of a home-made vegetarian thali slipped to Rs 26.2 in May 2025, down from Rs 26.3 in April and Rs 27.8 in the same month last year. The non-vegetarian version saw a steeper fall, dropping to Rs 52.6 from Rs 53.9 the previous month and Rs 55.9 in May 2024. The report, quoted by PTI, reflected a big drop in the prices of everyday vegetables compared to last year, tomatoes fell by 29%, onions by 15%, and potatoes by 16%. These three staples are essential to most Indian meals. Last year, these prices had surged due to crop issues, pest attacks, and water shortages in major producing states like Maharashtra, West Bengal and Karnataka. In case of non-vegetarian thalis, the price went down due to the 6% drop in broiler chicken prices, which make up half the overall cost. The fall was driven by oversupply and weaker demand following bird flu reports in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka. The drop in thali prices would have gone up further but was offset by 19% increase in vegetable oil prices due to the rise in import duties and 6% increase in LPG costs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Crisil intelligence director Pushan Sharma predicted a surge in vegetable prices going ahead driven by seasonal variations and a slight easing in prices of wheat and pulses amid strong domestic output.' He further added that rice exports may also go up by 20–25% due to India's competitive pricing globally. On a monthly basis, tomato and potato prices edged up by 10% and 3% respectively, while onions continued to ease with a 10% decline. Broiler prices also fell 4% from April, offering further savings for meat-eating households. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Business
- Time of India
Home-cooked meals price marginally down in May as veggie rates cool
MUMBAI: The price of home-cooked meals came down marginally, supported by cheap vegetables, a report said on Thursday. The cost of a home-made vegetarian thali fell to Rs 26.2 from Rs 26.3 in April this year and Rs 27.8 in May last year, the 'Roti Rice Rate' report by an arm of Crisil said. Tired of too many ads? go ad free now The decline was sharper in the case of a non-vegetarian thali, which cost Rs 52.6 in May 2025 as against Rs 53.9 in April. The thali cost Rs 55.9 in May 2024, it said. "Going ahead, we anticipate an uptick in vegetable prices owing to seasonal variations and a slight easing in prices of wheat and pulses amid strong domestic output," Crisil Intelligence director Pushan Sharma said. Sharma added that the volume of rice meant for exports is expected to increase 20-25 per cent because of competitive pricing in the global market. The report attributed the decline in thali prices primarily to a 29 per cent drop on-year in tomato prices, a 15 per cent decrease in onion and a 16 per cent dip in potato prices. Last year, tomato prices had shot up on concerns of lower yields, potato prices had increased due to crop infestations in West Bengal, while lower rabi acreage and yield, along with low water availability in Maharashtra, Madhya Pradesh and Karnataka, had pushed up the onion prices, it said. The non-veg thali cost reduction was helped by a 6 per cent drop in the prices of broilers, which have a 50 per cent weightage on the overall cost, the report said, attributing the lower price of chicken to oversupply and lower demand amid bird flu reported in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka. The drop in thali cost would have been higher but for a 19 per cent on-year jump in vegetable oil prices due to a rise in import duty and a 6 per cent rise in the price of liquefied petroleum gas cylinders. Tired of too many ads? go ad free now Compared with April, potato prices rose 3 per cent and tomato by 10 per cent, while onion prices declined 10 per cent, due to which the cost of vegetarian thali was down marginally, the report said. There was a 4 per cent dip in broiler prices on-month as well, which had its impact on the costs, it said.
Time of India
3 days ago
- Business
- Time of India
Veg and non-veg thali costs decline by 6% each on year in May, says Crisil
The cost of home-cooked vegetarian and non-vegetarian thalis declined by about 6 per cent each year on year in May 2025. The decline was due to a sharp drop in prices of key vegetables led by high-base effect, said ratings agency Crisil in its latest Roti Rice Rate report. 'Tomato prices fell ~29 per cent to Rs 23/ kg from Rs 33/kg in May 2025 as concerns over yield had lifted prices last year. Prices of onion and potato declined 15 per cent and 16%, respectively, on year as potato prices had shot up last year due to crop damage following blight infestations and unseasonal rainfall in West Bengal, while onion prices had increased due to lower rabi acreage and yield, as water availability in key growing states – Maharashtra, MP and Karnataka was low,' the report said. 'Thali costs diverged marginally on-month in May 2025, with vegetarian thali holding steady and non-vegetarian thali becoming about 2 per cent cheaper. While tomato and potato turned dearer, prices of onion declined, keeping the vegetarian thali cost stable sequentially. The cost of non-vegetarian thali, however, eased due to a decline in broiler prices,' said Pushan Sharma, Director, Crisil Intelligence He added, 'Going ahead, we anticipate an uptick in vegetable prices owing to seasonal variations and a slight easing in prices of wheat and pulses amid strong domestic output. Meanwhile, rice prices are expected to rise, with a likely 20–25 per cent increase in exports because of competitive pricing in the global market.' A 19 per cent on-year jump in vegetable oil prices due to a rise in import duty and a 6 per cent on-year rise in the price of liquefied petroleum gas cylinder prevented a further drop in thali cost, said Crisil. Along with lower vegetable prices, an estimated 6 per cent on-year decline in the price of broiler made non-vegetarian thalis cheaper. 'The decline in prices of broiler — which makes up about 50 per cent of the non-vegetarian thali cost — was due to oversupply and lower demand amid bird flu reported in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka,' the report said. 'On-month, the cost of a vegetarian thali remained stable, while that of non-vegetarian thali reduced nearly 2 per cent in May 2025. Potato and tomato prices rose 3 per cent and 10 per cent on-month, respectively, while onion prices dipped 10%, thereby keeping the vegetarian thali cost unchanged on month. An estimated 4 per cent month on month decline in broiler prices contributed towards the decline in the non-vegetarian,' said Crisil. 'The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east and west India. The monthly change reflects the impact on the common man's expenditure. The data also reveals the ingredients (cereals, pulses, broilers, vegetables, spices, edible oil and cooking gas) driving the change in the cost of the thali,' the report said. A veg thali comprises of roti, vegetables (onion, tomato and potato), rice, dal, curd and salad. A non-veg thali has the same elements, except dal, which is replaced by chicken (broiler); broiler prices for May 2025 are estimated figures; weightage of ingredients does not vary based on volatility in commodity price.
