-The Telegraph There has been a pick-up in the prices of vegetables, fruits, eggs, meat and fish and cereals mostly because of erratic rains Wholesale price index-based (WPI) inflation eased to a 11-month low of 12.41 per cent in August on softening in the prices of manufactured and fuel products even as food items remained expensive. Although WPI inflation declined for three consecutive months in August, it remained in double digits for...
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Edible Oil makers urge for lifting of futures trade ban on crude palm Oil and soy Oil on commodity exchanges -Sandip Das
-Financial Express SEA has stated that the ban on futures trade has deprived importers of hedging their price risks in rupee-denominated soya Oil and crude palm Oil futures on Indian exchanges. The Solvent Extractors’ Association (SEA) of India, a body of edible Oil manufacturers, on Monday demanded lifting of ban on futures trade in soya Oil and crude palm Oil (CPO) on the commodity exchanges imposed on December, 2021, to ensure risk...
More »No Country For Organic: Why Punjab Finds It Hard To Quit Chemical Farming -Manu Moudgil
-IndiaSpend.com Punjab has amongst the highest use of fertilisers, pesticides and large machinery, including government support for chemical farming, making it difficult to transition to organic and natural farming. Chandigarh: When Ashok Kumar, 63, started doing organic farming on three acres of his farm in Sohangarh Rattewala village in Punjab's western Ferozepur district in 2012, the benefits of good health and a cleaner environment were foremost on his mind. Besides growing food...
More »Concessional customs duty on imported edible Oil extended till March -Gireesh Chandra Prasad
-Livemint.com The government had in October 2021 announced concessional import duty on crude soybean Oil, crude palm Oil and crude sunflower Oil till March 2022, which was once extended till end of September. This has now again been extended till next March, as per the order. NEW DELHI: The finance ministry has extended concessional basic customs duty and agriculture and infrastructure development cess applicable on edible Oils by six months till end...
More »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...
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