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Vegetable prices push retail inflation to double digit

-PTI Retail inflation shot up to the double digit mark at 10.32 per cent in April on account of substantial increase in vegetable, edible oils and milk prices. Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38 per cent from the provisional estimate of 9.47 per cent, as per the government data release here on Friday. Vegetable prices recorded the maximum of 24.55 per cent, followed by...

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Pak potatoes rescue Indian consumers-Madhvi Sally

AHMEDABAD: With potato prices ruling at Rs 20 a kg in retail in the domestic market, traders from Jammu and Kashmir have started importing potato from the two Line of Control (LOC) trade posts of Srinagar and Poonch. With zero import duty on import at the LOC trade points, Pakistani potato is cheaper than the Indian variety by 20% to 40%. India's potato production is expected to be 33.5-34 million tonne...

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Potato prices rising due to lower supplies-Sandip Das

-The Financial Express After plummeting to a record low two months back, the retail price of potatoes has risen sharply due to lower supplies. The prices have been rising mainly due to expectations of a lower rabi output in the key producing states of Uttar Pradesh and West Bengal. Traders at Delhi’s Azadpur market say potato prices have risen in the last two weeks because of lower supplies from UP, West Bengal and...

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Government agrees in-principle to free diesel prices: Finance Ministry

-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.  "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a...

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Bt cotton seed companies on edge as farmers shun cotton-Jayashree Bhosale

PUNE: The cotton export debacle has created an oversupply of Bt seeds in the market with angry farmers expected to plant less area in the coming summer season. Companies are bracing for a price war in branded cotton seed, a far cry from the usual scenario where state governments impose a ceiling on maximum Retail Prices. Cotton is India's most important farm-produced industrial raw material and contributes a third to the...

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