-Hindustan Times Data from Punjab agriculture department says an estimated 1.34 lakh acre was under mustard cultivation in 2021-22, highest in last 15 years. Since 2007, farmers are sowing mustard on 30,000 hectares or 74,000 acres every year Bathinda: After diversifying to mustard crop (about 44% jump) in the 2021-22 rabi season, enterprising farmers are now reaping profit by selling the produce for up to Rs.7,000 per quintal, 28% higher than this...
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Edible Oil prices in India to surge as Indonesia to ban palm Oil exports from 28 April -Ravi Dutt Mishra
-Livemint.com Global cooking Oil prices have surged this year following Russia's invasion of Ukraine, which hit shipments of sunflower Oil from the region. The Black Sea accounts for 76% of world sunflower Oil exports. NEW DELHI: Domestic edible Oil prices, already high, are set for a surge as Indonesia, the world's largest producer of palm Oil, will ban exports from 28 April. Indonesia, too, has been battling high edible Oil prices amid domestic...
More »Indonesia ban on palm Oil exports starting April 28 rattles Indian markets -Sanjeeb Mukherjee
-Business Standard/ Agencies The country meets almost 45% of India's annual palm Oil demand; media reports say ban put in place to check soaring domestic prices of the commodity In what could have a devastating impact on edible Oil prices and supplies in India, Indonesia, which is the world’s largest producer of palm Oil and meets nearly 45 per cent of the total palm Oil supplied into India annually, has decided to...
More »The Hard Grind: Wheat inflation becoming hard to stomach for Indian households -Siddharth Upasani
-Moneycontrol.com India was supposed to be largely insulated from the war between Russia and Ukraine as far as prices of food items were concerned. However, there are signs that the conflict in Europe is adding to Indians' wheat bill. On April 18, data from the commerce ministry showed India's Wholesale Price Index (WPI) inflation unexpectedly rose to a four-month high of 14.55 percent in March. And while energy and metals led the...
More »In Wake of Ukraine War, India Set to See Rising Food Grain Prices -Siraj Hussain and Shweta Saini
-TheWire.in The wholesale price inflation for wheat in March was 14%. The retail prices will, therefore, reflect the same once the peak arrival season is over, in June 2022. Even the critics of India’s public distribution system (PDS) acknowledge that it worked well during the Covid-19 pandemic. Additional allocations of free food grains at 5 kg per person per month, under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), helped prevent mass hunger...
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