Veg Meals Thali Turns into Costlier By 7% in March 2024, Non-Veg Cheaper: Crisil

A vegetarian thali turned costlier by 7 per cent year-on-year (YoY) in March 2024 primarily on account of dearer onion, tomato and potato amid decrease crop arrivals. Nonetheless, the price of non-veg thali in March 2024 declined 7 per cent YoY because of a fall in broiler costs, in line with the month-to-month “Roti Rice Fee” report launched by Crisil’s ‘Market Intelligence and Evaluation’ on Thursday.

The Price Of A Veg Thali

The price of a vegetable thali, which contains roti, greens (onions, tomatoes and potatoes), rice, dal, curd and salad, elevated to Rs 27.3 per plate in March 2024 from Rs 25.5 in March 2023, it mentioned.

“The price of the veg thali elevated because of a surge of 40 per cent, 36 per cent and 22 per cent on-year in costs of onion, tomato and potato, respectively, because of decrease arrivals of onion and potato and low base of final fiscal for tomatoes,” it mentioned. The report mentioned rice and pulses have additionally received costlier by 14 per cent and 22 per cent, respectively.

Nonetheless, the thali was cheaper compared with the Rs 27.4 within the previous month of February 24.

The Price Of A Non-Veg Thali

Within the case of non-veg thali, which contains all the identical substances however dal will get changed by rooster, the worth declined to Rs 54.9 in March 2024 as in contrast with Rs 59.2 a 12 months in the past. Nonetheless, it was larger as in comparison with February 2024, when the price of a non-veg thali had stood at Rs 54.

The decline in non-veg thali on a yearly foundation was because of a 16 per cent on-year fall in broiler costs, which has a 50 per cent weightage within the total worth.

Nonetheless, on a month-to-month foundation, the price of a non-veg thali elevated because of an estimated 5 per cent improve in broiler costs because of larger

demand amid Ramadan coupled with rising feed prices.

Pushan Sharma, director (analysis) at CRISIL Market Intelligence and Analytics, mentioned, “For the previous 5 months, there was a divergence in the price of vegetarian and non-vegetarian meals plates. Whereas veg plate has turn out to be costly on-year, non-veg is cheaper. The divergence is as a result of broiler rooster costs have fallen owing to extra provide.”

Going ahead, wheat costs are anticipated to say no with contemporary harvest arriving out there and tomato costs to remain benign, however onion costs might see some near-term firming up as a result of rabi harvest is seen almost 20 per cent decrease, he mentioned.