-IPA News Service/Newsclick.in Time is ripe to do away with every central cess on petroleum products and reject the government’s narrative that the poor are hurt less by higher prices than the rich. The country is in the grip of an inflationary spiral resulting in a galloping price rise of all essential goods used by people. This crushing price burden is making life exceedingly difficult for the rural and urban poor. The retail...

-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...

-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...

-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...

-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...