Oil Prices Fall as Trump Ceasefire Claim Shifts Market Focus to U.S. CPI 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
Deutsche Bank CEO Urges Faster German Economic Reforms 
Heritage, desire and diplomacy: why China still values scotch whisky 
US Dollar Near 18-Month High Ahead of Inflation Data 
The pandemic is still disrupting young people’s careers 
Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data 
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed 
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows 
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks 
RBA Signals More Rate Hikes as Inflation Risks Rise 
US Stock Futures Rise as Oil Prices Fall Ahead of Q3 Earnings 
Add as a preferred source on Google
Burger King is taking out tomatoes from its Whopper burgers and other menus in its restaurant outlets in India. The move comes almost a month after McDonald’s in the country dropped the edible fruit widely used for cooking and meal preparations worldwide.
Burger King India is cutting out tomatoes from its food items as prices of this edible greatly surged in the country. Apparently, the sharp rise in prices is turning companies away from tomatoes, and they have decided to avoid using them altogether.
Likewise, BBC News reported that Burger King explained it was forced to get rid of tomatoes in Indian stores due to "unpredictable conditions on the quality and supply of tomato crops." Consequently, the low supply of the said fruit is the main cause of the price increase.
It was noted that Burger King is the second major fast-food chain to remove tomatoes from its menu. McDonald's was the first to do so in July, and at that time, experts said that the tomato shortage was caused by the current bad weather conditions in India.
The restaurant’s move to drop tomatoes also comes after the region's central bank lifted its inflation prediction for the current financial year to 5.4% from earlier 5.1%. The bank said this is because of the rising prices of some foods in the country, which is also the most populated in the world, CNN Business reported.
“Going forward, the spike in vegetable prices, led by tomatoes, would exert sizeable upside pressures on the near-term headline inflation trajectory,” the central bank said in a statement.
The price of tomatoes in India surged by over 400% in recent months as heavy rains and fiery heat waves heavily damage crops. A kilogram of tomatoes is being sold in New Delhi for 107 rupees or $1.29 this week.
Photo by: Julian Steenbergen/Unsplash
