 "Tomato prices soar to 60-70 per kg due to crop damage in producing states")
As tomato rates have soared to record highs, restaurants are keeping tabs on the price movement, as the overall cost has gone up by 5 per cent for some of them.
Restaurants typically sign annual rate contracts with suppliers and buy ingredients at predetermined prices. However, the smaller players suffer as they don’t opt for contracts. The big players are yet to raise prices.
Another reason that is also becoming a problem for restaurants is the availability of tomatoes due to the crop being damaged. This has led to the spike in prices.
Last week, some outlets of McDonald’s in
