-ThePrint.in Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’. New Delhi: A bottle of cooking oil is a constant in every Indian kitchen, but its price is not. According to data sourced from the Department of Consumer Affairs, by 16 May, consumers in the country were spending an average of 14 per cent more, or an extra...
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Average retail price of atta up 13% from last year
-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
More »Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra
-The Hindu Business Line Seeks taking necessary action as very large hoardings had taken place The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law. Stressing the need for effective enforcement of the EC Act by...
More »Cooking oil prices spike in India due to Russia-Ukraine crisis -B Krishna Mohan
-TelanganaToday.com Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil imports are getting costlier due to the internal trade restrictions of Indonesia, the biggest producer of palm oil. On the other hand,...
More »Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede -Subramani Ra Mancombu
-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine. The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...
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