Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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Retail inflation falls to 6.71% for July, down from 7.01% in June
-The Telegraph In first three months of current fiscal, inflation remained above 7 per cent Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible Oils, among other commodities in July, the Reserve Bank of...
More »Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude Oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
More »Why India doesn’t need palm Oil but its greener alternatives -Bhavani RV and RS Vaidyanathan
-Down to Earth blog Palm Oil is water-intensive and requires large patches of land India is the second-largest consumer of edible Oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible Oils, its shortage and high price are often in the news. Palm Oil production grew between 2015-2016 and 2020-2021 at a compound annual growth rate of 6.1 per cent,...
More »Lower kharif plantings due to uneven rains a growing concern, says report -Suchet Vir Singh
-ThePrint.in Area under rice and pulses lower than last year, while Oilseeds acreage has marginally increased in the June-October Kharif crop season. New Delhi: The South-West monsoon has seen 6 per cent above normal or long-period average (LPA) rains in India till 5 August this year, but geographical disparities have impacted planting of Kharif crops including rice, according to a new report from the Bank of Baroda. Area planted under cereals including rice...
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