Milk prices are expected to remain high this summer Due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain firm Due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...

Livemint Wheat prices have started climbing again despite the government launching open market operations to reain in prices of the crucial commodity Due to the unseasonal rains in key what-producing states. Wheat prices had shot up by 15% in 2022 accoding to the Ministry of Consumer Affairs, Food & Public Distribution, even before the OMOs. This comes as retail inflation continues to hover above the Reserve Bank of India's upper tolerance level,...

Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food price inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...

CNBC TV18 The Centre has allowed an early procurement of wheat procurement by states to avert the possibility of any distress sale by farmers. Despite the pre-monsoon rains increasing moisture content in the rabi crop, government sources have maintained that the procurement cycle is on track and there hasn't been any adverse climatic impact on wheat harvest or supply so far. While government sources indicated that wheat procurement in Madhya Pradesh will...

As many as eight farmers are reportedly dying by suicide everyday in Maharashtra. As many as 1,203 farmers took their lives ever since the Eknath Shinde government came to power, the Indian Express reported, quoting NCP leader and Leader of Opposition Ajit Pawar, while he was speaking at Maharashtra’s legislative assembly on March 10. “Farming in Maharashtra is under threat Due to unseasonal rain, farm produce is unable to get a...