-The Business Standard Open market price cools down as chief minister orders cold storages to empty stock by December 15 Kolkata: The first big task in hand at the new address is a success. Sitting in the plush office at the 14th floor of the newly-inaugurated secretariat, by default facing one of the infrastructure marvels created in the predecessor regime, the Vivekananda Setu, Chief Minister Mamata Banerjee has finally reined in the intractable...
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Panic buying: Salt sells at Rs 60 a kg in Odisha
-PTI BHUBANESWAR/JAJPUR (ODISHA): People in various parts of Odisha started panic buying of salt on Monday following a rumour that it would disappear from the market, like potato, stretching the price even to Rs 60 a kg. Hit hard by the ongoing potato pinch for the last several days, people made a beeline to grocery shops to buy as much salt as they could, thus leading to mad scenes in the...
More »FAO expects more balanced food markets, less price volatility
-FAO Rome: Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published today. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in the current season, we will have more abundant supplies, more export...
More »Food prices expected to be less volatile than in recent years, says UN agency
-The United Nations Improved supplies and a recovery in global inventories of cereals has led to less price volatility than in recent years, the United Nations Food and Agriculture Organization (FAO) said today, adding that food prices over the past month rose slightly, driven by higher sugar prices. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in...
More »Cash-strapped cane farmers sell cheap in UP-Virendra Singh Rawat
-The Business Standard Panic selling to 'kolhu' (jaggery) units at Rs 160-250 a quintal in western parts of state Lucknow: With uncertainty looming large over sugarcane crushing in Uttar Pradesh (UP), farmers have resorted to selling the cash crop to kolhu (jaggery) units at Rs 160-250 a quintal in western parts of the state. Farmers in Muzaffarnagar, Shamli, Baghpat, Meerut and Bijnor have been queuing at kolhus, which make cash payment. There are...
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