-The New Indian Express The steep fluctuation of prices in a crop whose consumption and cultivation cycles are well documented speaks volumes about the patchy intervention measures taken over the years. The retail price of tomato has hit a high of Rs 100 per kg in Tamil Nadu just a couple of months after prices dropped to as low as Rs 2 per kg. There were reports from across the state about...
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Wheat caught in crossfire: How an export ban is affecting wheat prices -Dipu Rai
-IndiaToday.in How is the wheat export ban affecting its price in the domestic market? From war to heatwaves and floods to drought, wheat, a crucial global food, is under attack and is getting more expensive day by day. India was seen as a collateral beneficiary after the Russia-Ukraine war, but bread became more costly after a ban on its global sales. But this price change is working differently in the Indian domestic...
More »The poor are bearing the brunt of inflation -Krishna Raj
-The Tribune The prices of essential food items have increased by 50% in seven years, whereas the real wage rate has risen by 22%. These figures show that inflation has outsmarted the real income of the poor, making their lives miserable as the food basket constitutes a substantial proportion of the total expenditure on the poor. The net effect is that the poor earn less and take loans to maintain the...
More »Devinder Sharma, a well-known trade and agriculture expert, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
More »As inflation soars, sale of low-unit price packs jumps; FMCG companies go for grammage cut, bridge packs
-PTI/ Financial Express Downtrading refers to the practice of switching from expensive products to cheaper alternatives by customers in a bid to conserve cash. FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise and unprecedented inflation. Besides, they are also...
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