-Hindustan Times Edible-oil prices continue to be dearer due to high global prices, prompting the Union government last week to tighten measures Vegetable prices, especially of tomato and onion, have risen in urban centres, including the national capital, on the back of higher fuel prices and damage to summer crops due to heavy rains, wholesale and retail trade data showed on Sunday. Edible-oil prices continue to be dearer due to high global prices,...
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Centre imposes stock limits on edible oils to soften the prices of edible oils in the domestic market
-Press Information Bureau/ Ministry of Consumer Affairs, Food & Public Distribution The Department of Food and Public Distribution in a landmark decision has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was...
More »A flawed calculation of inflation -Arun Kumar
-The Hindu The current official inflation rate does not correctly measure price rise Inflation for the last four months has been worryingly high — Wholesale Price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark in June, which was above the Reserve Bank of India (RBI)’s tolerance band. This is happening at a time when demand has been down, unemployment has been high, many have lost...
More »Potato prices in Bengal drops by 50% on excess production -Shobha Roy
-The Hindu Business Line Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020 Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale Price of the tuber (Jyoti variety)...
More »Potato imports from Bhutan allowed again -Vikas Dhoot
-The Hindu Retail inflation in potatoes surged from 6.8% in April this year to 11.1% in May, SBI had noted With retail potato prices rising sharply over April and May, the government has decided to permit the import of Potatoes from Bhutan without any license up to June 30, 2022, as per a notification issued late on Monday by the Commerce and Industry Ministry. Last October, as potato prices crossed ₹40 per kilogram...
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