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Amid dollar crunch, Pakistani importers head towards grey market for transaction

-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....

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Food items keep WPI up at 12.4 per cent

-The Telegraph There has been a pick-up in the prices of vegetables, fruits, eggs, meat and fish and cereals mostly because of erratic rains Wholesale price index-based (WPI) inflation eased to a 11-month low of 12.41 per cent in August on softening in the prices of manufactured and fuel products even as food items remained expensive. Although WPI inflation declined for three consecutive months in August, it remained in double digits for...

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Odisha floods lead to rise in prices of vegetables, supply chain disruptions -Devesh Kumar

-Livemint.com * Odisha have been reeling under flood, leading to crop damage and supply chain disruption * Vegetables prices have shot up in the markets of Bhubaneswar as several districts of Odisha Recurrent floods in several districts of Odisha have led to crop damage and supply chain disruptions which further hiked the prices of vegetables in the state. Tomatoes are sold at ₹25 per kg in downtown Bhubaneswar, a jump of around five rupees...

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Cost of a veg Indian thali has jumped 42% since 2015. That too without curd, tea, fruits -Shweta Saini and Pulkit Khatri

-ThePrint.in For a family of five, the monthly thali cost jumped up from Rs 4,700 in 2015 to Rs 6,700 in 2022 for a lighter diet. Inflation, particularly food inflation, has been centre stage not just in India but globally. Despite moderation observed in India’s June 2022 inflation print, food inflation continues to stay in the uncomfortable zone of 6 to 8 per cent since the start of the year. How does...

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UP: Farmers In Sitapur, Lakhimpur Threaten Massive Movement on July 15 if Outstanding Cane Dues not Paid -Abdul Alim Jafri

-Newsclick.in Farmers said the cane-crushing season had ended earlier this month, but payments of over Rs 15 crore are still pending. Lucknow: Irked over the delay in sugarcane payments, farmers on Friday held a demonstration against Mahmudabad co-operative sugar mill in the Sitapur district. Farmers said the cane-crushing season had ended earlier this month, but payments of over Rs 15 crore were pending. Per the norms, the payment should be cleared within 14 days...

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