-The Hindu Spells of impoverishment during the pandemic were not infrequent, and lower castes and minorities bore the brunt of it Few observations survive the test of time. Fewer gain significance over time. Engel’s Law is a case in point. A version is that the poorer a family, “the greater the proportion of the total outgo which must be used for food. The proportion of the outgo used for food, other things...
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India signs deals to export 5.5 lakh tonnes of wheat as Asian nations look for supplies -Subramani Ra Mancombu
-The Hindu Business Line Shipments may top 30 lt by June; consignments will include new crop Indian wheat exporters have signed deals to export at least 5.5 lakh tonnes (lt) over the next couple of months as nations in South Asia, South-East Asia and West Asia are looking to New Delhi to meet their requirements for food and feed in view of the Ukraine-Russia crisis. “We have demand for Indian wheat from March-April....
More »Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede -Subramani Ra Mancombu
-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine. The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...
More »Russia-Ukraine crisis: India economy to be among worst hit in Asia: Nomura -Puneet Wadhwa
-Business Standard A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said The ongoing geopolitical crisis between Russia and Ukraine will impact Asian economies, but the impact will be polarized across the region, said analysts at Nomura in a recent report. The negative impact on Asia, they believe, is predominantly...
More »Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma
-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...
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