There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
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Retail inflation for milk is high, higher for dairy products
-The Hindu Business Line Average prices of liquid milk in the North Eastern region saw the highest increase between January 1 and November 22, followed by the North, East, West and South regions. Inflationary pressures on milk remain unabated as Mother Dairy has decided to hike prices on two of its milk variants, effective Monday. While milk prices have been on the rise this year, dairy products such as curd and ice...
More »The new hybrid variant of mustard -Jacob Koshy
-The Hindu How significant is the development of the Dhara Mustard Hybrid-11 (DMH-11)? Why are some activist groups opposing the commercial release of the crop? What are their allegations? How many transgenic crops are commercially cultivated in India? The story so far: The Genetic Engineering Appraisal Committee (GEAC), India’s apex regulator of genetically modified plants and food products, has approved the environmental release of Dhara Mustard Hybrid-11 (DMH-11), a genetically-engineered variant of...
More »Amul, Mother Dairy Milk Prices To Rise By Rs. 2 From Tomorrow
-NDTV.com The increase in milk prices comes in view of a rise in input costs, Amul and Mother Dairy said. New Delhi: Milks prices are set to increase with dairy brands Amul and Mother Dairy announcing a ₹ 2 raise in its prices due to a rise in procurement and other input costs. The new prices for both the brands will be effective from Wednesday, the companies said. For 500 ml, Amul Gold...
More »India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report
-PTI/ The Hindu “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery” The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report. "However, economic activity rebounded strongly in the second half...
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