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☆ Global onion prices could be set to rise with India slapping an export tax on domestic production
▼ + stars: | 2023-08-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

A labourer sorting out onions at a vegetable market in New Delhi on May 30, 2023. The new levy announced Saturday acts to ensure domestic availability and cool inflation, and is effective immediately until December 31, according to the country's Ministry of Finance. Global onion prices are likely to get a positive price cue on account of India's decision. India's government in July also banned the exports of non-basmati white rice in a bid to ensure sufficient domestic supplies. "The government would like to rein [in] prices and ensure sufficient availability in the domestic market.

Persons: Arun SANKAR, ARUN SANKAR, Arun Sankar, Pushan Sharma, Samarendu Mohanty Organizations: Getty, Afp, country's Ministry of Finance, India's Department of Consumer Affairs, CRISIL Market Intelligence, P, Indian Meteorological Department, Pushan Sharma CRISIL, Intelligence, Potato Center, CNBC Locations: New Delhi, AFP, India, Maharashtra, Karnataka, oversupply, Bangladesh, Malaysia, Sri Lanka

☆ Burger King follows McDonald’s in cutting tomatoes from its India menu
▼ + stars: | 2023-08-17 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

CNN —Tomatoes are off the menu in India as Burger King becomes the latest fast food chain to be impacted by rising prices of the culinary staple. Last month, McDonald’s (MCD) announced that many of its restaurants across the country would be temporarily removing tomatoes from their burgers, citing quality issues and shortages of supply. “Going forward, the spike in vegetable prices, led by tomatoes, would exert sizeable upside pressures on the near-term headline inflation trajectory,” it wrote in a statement. Last week, Subway announced its Indian outlets would charge 30 rupees ($0.40) extra for a cheese slice in most sandwiches, Reuters reported. As for tomatoes, Indian cuisine is unthinkable without the ubiquitous fruit.

Persons: Burger King, Burger, Jocelyn Boiteau, Boiteau Organizations: CNN, Subway, Reuters, Department of Consumer Affairs, Tata, Cornell Institute for Agriculture, Nutrition Locations: India, New Delhi, India’s

☆ Burger King in India says tomatoes 'need a vacation' too — they have been removed from the menu due to inflation
▼ + stars: | 2023-08-17 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Burger King in India has taken tomatoes off the menu due to food inflation, per Reuters. Tomatoes prices have shot up drastically due to India's food inflation, which is at its highest since January 2020. "Even tomatoes need a vacation... we are unable to add tomatoes to our food," signs posted outside these two outlets said, per Reuters. Following McDonald's, Subway in India also dropped tomatoes from its menu that same month, the Times of India reported. Like McDonald's, notices outside a few Subway outlets in New Delhi attributed the unavailability of tomatoes due to quality issues.

Persons: Burger, Burger King Organizations: Service, Reuters, CNBC TV18, India's Department of Consumer Affairs, The, Cooperative Consumer's Federation of, India, New York Times Locations: India, Wall, Silicon, McDonald's, Subway, New Delhi, of India, Cooperative Consumer's Federation of India

☆ India's tomato prices surge over 300%, sparking theft and turmoil
▼ + stars: | 2023-07-13 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Tomato prices surged 366.86% from 26.76 rupees per kg at the start of the year to 108.92 rupees per kg as of July 11. India is facing a tomato crisis as prices have skyrocketed more than 300% due to extreme weather conditions. Tomato prices surged 341% year-to-date, from 24.68 rupees per kg to 108.92 rupees per kg as of July 11, data from the Department of Consumer Affairs showed. "Due to excess rainfall in these states, tomato [crops have] been highly affected… A large part of the tomato crop has been destroyed due to rains and flood," the council stated. Another popular Indian dish, the Andhra Tomato Kura (tomato curry) is also widely enjoyed by locals.

Persons: Damien Yeo Organizations: Department of Consumer Affairs, National, BMI, Fitch Solutions Locations: Kolkata, India, Andhra Pradesh, Maharashtra, Karnataka

New Delhi CNN —From butter chicken to paneer makhani, Indian cuisine is unthinkable without the ubiquitous tomato. Asha, a homemaker in the capital who asked to be referred to only by her first name, told CNN the increase has hit her seven-member family hard. Some of McDonald’s (MCD) restaurants across the country have temporarily stopped serving tomatoes on their burgers, citing quality issues and shortages of supply. Of the tomatoes that were harvested, over 90% were infected by seed-born viruses, Gadve told CNN, which further exacerbated the supply shortage. Devinder Sharma, an India-based agriculture policy expert, told CNN the current shortage was also caused in part by farmers throwing away their tomatoes because no one was buying them.

Persons: Asha, “, Raghav Chadha, ” Chadha, Jocelyn Boiteau, Boiteau, Sriram Gadve, ”, Gadve, Devinder Sharma, Sharma, ” Gadve Organizations: New, New Delhi CNN, Department of Consumer Affairs, CNN, Connaught, Restaurants, Aam Aadmi Party, Twitter, Tata, Cornell Institute for Agriculture, Nutrition, University of Cambridge, Vegetable Growers Association Locations: New Delhi, India, Asia, heatwaves, India’s

NEW DELHI/BENGALURU, Nov 21 (Reuters) - India launched a crack down on Monday against fake reviews and unverified ratings in a bid to make online interaction and e-commerce more authentic and less misleading for users. Some companies have been criticised by consumers and various industry experts for downplaying negative reviews, or accepting fake ratings, making the vetting process difficult for buyers. The Department of Consumer Affairs set up a committee in June to develop a framework on checking fake and deceptive reviews in e-commerce, the Ministry of Consumer Affairs, Food & Public Distribution said. Online companies say they have internal checks in place to combat fake reviews, but currently failure to do so is not a compliance breach. If the guidelines become mandatory, companies could face action for unfair trade practice, for suppressing negative reviews or for enabling planting of fake reviews, Taparia said.

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