The prices of sugar, pulses and vegetables have gone up in recent days/months in India. There is a lot of talk and criticism of the government on the poor handling of price situation.
Sugar prices have gone up world wide. The price of sugar in world market is US$620 a tonne or Rs.29 per kilo. In Vietnam it is Rs.48 a kilo and in India it is only Rs.30-Rs.35.
Similarly prices of vegetables have also gone up in many countries for reasons like flood, heavy rains, lower production etc. For example in Vietnam, cabbage costs now Rs.37.50 (VND15000) against Rs.12.50(VND 5000) earlier. Tomato costs Rs.32.50(VND13000) against Rs.10(VND 4000) earlier. In Tamilnadu for example, tomato costs about Rs.20 against about Rs.10 (VND 4000) earlier(all in retail market) The price of pumpkins went up in Vietnam from around Rs.12.50 (VND 5000) per kg to Rs.35.(VND 14000)
In general in Vietnam prices have gone up by about 3 times while in India prices of vegetables have gone up in recent times by about 2 times.
In Bangladesh the prices are reported to have surprisingly fallen down, but they are still as high as or higher than in India. Brinjal used to sell at Rs.27(Taka 40) has come down to Rs.20,(Taka 20) which is the price in India, ladies finger from Rs.27(Taka 40) to Rs.23 (Taka 35) (In Tamilnadu it is Rs.20) and green chilli from Rs.33(taka 50) to Rs.20 (Taka 30). In Tamilnadu, green chilli is selling at Rs.20 a kg for several months.
In Vietnam and Bangladesh, the wage rates/salary levels are much lower than in India.
The wages of unskilled agricultural and other laborers have gone up from Rs.35 per day to Rs.100 per day in the last three years for women and from Rs.70 per day to Rs.150- Rs.200 per day for men
The prices of vegetables were very low in India for a long time and these need to be corrected. If prices stabilize at the present level, it would mean that the necessary correction in prices has taken place and the people need to accept this correction and learn to live with the present level of prices of vegetables. The prices may fall down but low prices may not last for long.