-Livemint.com To ensure food security of India’s 1.4 billion people, a decision was taken to prohibit export of wheat in May following rising demand for Indian wheat amid the Russia-Ukraine war. But, this caused a jump in export demand for wheat flour The Union cabinet on Thursday approved placing restrictions on wheat flour, or atta, exports to curb rising prices and ensure food security for the poor. The Cabinet Committee on Economic Affairs...
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The global threat to our food security -Himanshu
-Livemint.com We must raise procurement to prepare for a possible rise in inflation as global food supplies shrink Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. Much of the inflation this year has been driven by rising food prices, particularly edible oil and more recently cereals, primarily wheat. This has followed the global trend in food prices, which softened last month, even though they...
More »Has inflation peaked? -Lokeshwarri SK
-The Hindu Business Line Inflation has been moderating off late but RBI is unlikely to let its guard down * Has inflation peaked in India? It’s too early to conclude that inflation has peaked in India. While CPI inflation has been drifting lower since the April 2022 peak of 7.79 per cent, the decline is very gradual. The July reading of 6.71 per cent is also well above the upper limit of RBI’s...
More »Centre weighs ban on rice exports -R Suryamurthy
-The Telegraph Officials said the government is weighing up the option of some kind of restrictions on the shipments of rice New Delhi: After wheat, the Centre is mulling curbs on rice exports as the acreage under the crop this season has shrunk about 13 per cent over the previous year because of deficient rains in key rice-growing states — leading to a rise in the price of the foodgrain. Analysts said the...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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