Even as the new year brings little cheer on the price front, the famed apathy of our officials continues to move the common man to tears. Nearly 200 tonnes of Onions imported from Pakistan are lying at the Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva while officials pass the buck for not releasing the bulb to Onion-starved markets. The affected traders have indicated that the cargo is stuck for want...
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Fog hits supply, egg prices up
Fog not only delays trains and flights, causes road accidents and makes the winter season depressing but also causes the prices of eggs to rise. The recent increase in egg prices is attributed to fog and the prices are likely to increase again as soon as the visibility drops. To add to that, Onions and tomatoes are also becoming more expensive. According to Shabir Ahmed, secretary, Poultry Federation of India, eggs...
More »No relief from high food prices in New Year by Gargi Parsai
If dal roti went out of reach for the aam admi in 2009, vegetables and Onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...
More »Rains drown India’s crop estimates, stoke inflation by S Sujatha & Jayashree Bhosale
From Onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...
More »Inflation surges to 14.44 per cent
Concerned at the rising food inflationary trend, Union Finance Minister Pranab Mukherjee on Thursday hinted at more steps to check the rising prices, even as food inflation surged to a 10-week high of 14.44 per cent. The Cabinet Committee on Prices, headed by Prime Minister Manmohan Singh, met in the evening to review the situation and expressed concern at the spurt in the prices of eggs, fruits, vegetables, milk and other...
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