-The Hindu Business Line Rate hike due to lower acreage, fear of crop damage Urad dal prices in the retail market have increased on an average by Rs.3-5/kg in the past one week while at some places the surge is Rs.13/kg to about Rs.110-120/kg, mainly due to overall lower acreage and fear of crop damage after incessant rains in the growing region of Madhya Pradesh. Kendriya Bhandar, a Central government-run cooperative, has...
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After wheat, retail price of rice rises 6.31% on supply concerns: Govt data
-PTI/ Business Standard The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, consumer Affairs Ministry's data showed After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs...
More »CPI inflation for farm, rural workers up in July
-The Hindu Business Line CPI-AL increases to 6.60 per cent, CPI-RL up to 6.82 in July Retail inflation for farm workers and rural workers rose further in July, driven by an increase in food prices. The All-India consumer Price Index based inflation for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI- RL) increased to 6.60 per cent and 6.82 per cent in July, 2022 respectively. CPI- AL was at 6.43 per cent in June this...
More »Staple spikes: Has an abnormal Kharif 2022 caused rice prices to rise -Raju Sajwan
-Down to Earth The United States Department of Agriculture has said rice production in India may decline by 0.9% in 2022-23 due to uneven rains Rice prices are spiking across India, even in areas where it is the staple. This development comes even as the country has experienced an abnormal Kharif season, with uneven distribution of rainfall. The cereal that forms the staple diet of over half of India’s population has become prohibitively...
More »Cereal inflation would be hard to tame amidst low rice acreage
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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