Prices of several crops are now 10-30% above MSP. Hyderabad: Crop prices are rising across Telangana , with paddy, cotton, maize, jowar and pulses trading above the minimum support price (MSP) as the impact of El Nino and lower yields tighten supplies. However, farmers may not fully benefit from the higher prices as declining output offsets gains, while consumers could face higher food bills.
I am already worried about how much more I may have to spend on groceries,” said Katta Srinivas, a private employee in Malkajgiri. “The price may look high when we hear the market rate, but we are not getting that much. For consumers, higher farm-gate prices could eventually translate into costlier rice, pulses and other essentials. A possible rise in food prices is worrying salaried households, particularly those whose incomes remain largely fixed. “I am a private employee and my salary does not increase whenever food prices go up. If rice, pulses, vegetables and cooking oil become costlier together, managing monthly expenses will become difficult. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad