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Britannia warns of further price hikes -Suneera Tandon

-Livemint.com The company estimates that it will have to increase prices by another 10% this year if spot prices of key commodities persist in the current fiscal NEW DELHI: Biscuit maker Britannia Industries Ltd, said it will have to take  “tough calls" and initiate price corrections as inflationary headwinds continue to persist. In the last fiscal, the maker of Good Day biscuits and packaged cheese hiked prices by 10%. Major factors for the inflation...

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Labour Day brings no hope for 1 lakh workers employed in Aligarh’s lock industry -Pradeep Saxena

-The Pioneer Aligarh: The observance of May 1 as Labour Day brings no hope for betterment to about 1 lakh labourers employed in Aligarh’s lock and hardware units when seminars, conferences and rallies were organized in different parts of the city to mark Labour  Day. Getting education for their children aged 8 to 14 years is a mirage. For earning little sums, they pay a heavy price in terms of their...

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Lanka could learn from Sikkim how to go organic

-CivilSocietyOnline.com WHEN the Sri Lankan economy collapsed with a sigh recently, prominently sticking out of the debris was a failed attempt to take the island nation into full-scale organic agricultural production. The Rajapaksa government had virtually overnight ordered a switch to organic agriculture to save foreign exchange on the import of chemical fertilizers and pesticides. But going organic, instead of being the solution, became a bigger problem with food crops failing and the...

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Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia -Aniruddha Dhar

-Hindustan Times India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...

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‘Temporary ban on cotton exports likely’ -Ravi Dutta Mishra

-Livemint.com Cotton prices have touched ₹90,000 per candy. Prices of some  varieties of have  touched ₹100,000 per candy The Union government may impose a temporary ban on cotton exports if cotton prices continue to surge, textiles secretary Upendra Prasad Singh told Mint. The statement comes at a time when the Indian textile Industry is reeling under a spike in cotton and yarn prices, impacting production and exports. Cotton prices have doubled in barely...

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