India's food prices are likely to ease, bringing down food inflation from stubbornly high levels, over the next two months as supplies of Onions and other vegetables are expected to pick up, industry officials said Thursday. The country's food inflation rate surged to more than 18% in December as vegetable prices, particularly those of Onions, spiked after unseasonal rain damaged crops. India's food inflation rate has slightly eased since then, but...

Food inflation soared to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk. Food inflation rose by 1.48 percentage points from 15.57 per cent in the previous week. The food inflation last year had stood at 20.56 per cent. On an annual basis, Onion prices rose by 130.41 per cent in the third week of January,...

The state government will open 583 foodgrain banks at villages across Jharkhand and provide grains to every below poverty line (BPL) family immediately. Food and civil supplies minister Mathura Prasad Mahto said this today after a review of the district under North Chotanagpur commissionerate, where he instructed officials to check hoarders and prevent hunger deaths by supplying foodgrain free of cost to the poor. The minister said the government had also decided...

As food inflation rises again and the prices of daily consumption vegetables and fruits remain high, the Ministry of Consumer Affairs has convened a high-level meeting here on Monday to review the situation. Agriculture Minister Sharad Pawar will chair the meeting, which is expected to be attended, among others, by Delhi Chief Minister Sheila Dixit. The latter has been invited to work out the possibility of opening more outlets for sale...

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...