-Business Standard Recent trends indicate any such moderation would not be across the board or without riders: Experts New Delhi: Contrary to some perceptions, consumer price index (CPI)-based inflation might not ease sharply after kharif crops arrive in the markets. On the other hand, wholesale price index (WPI)-based inflation could see a rise, due to an increase in prices of commodities and metals. CPI inflation rose to 6.07 per cent in July, highest since...
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Deficient monsoon may force farmers to go for pulses, millets
-The Times of India COIMBATORE: Pulse and millet production in the district may increase next year, if the North-East monsoon also fails like the South-West monsoon. The district has received only 36% of the rainfall expected during the SW monsoon, forcing farmers to start considering short-term rainfed crops if the NE monsoon also fails. However, the situation might be advantageous, considering the skyrocketing Pulse prices. The district has received only 58mm of...
More »Food prices may cool on kharif sowing; rate cut unlikely
-PTI The rise in wholesale prices may provide partial relief to manufacturers and producers, although it brings bad news for household budgets of consumers. Experts and industry said kharif sowing trends indicate cooling of food inflation in the coming months, even as chances of a rate cut in the near-term are low, given the rise in WPI and retail inflation. Wholesale inflation soared to a 23-month high of 3.55 per cent in July...
More »Maharashtra: Pulses on the low as increased sowing sparks market losses -Partha Sarathi Biswas
-The Indian Express Volatility of prices has been one of the major reasons for farmers being weaned away from pulses towards sugarcane. Pune: Last year, when prices of dal had rocketed, both the state and central governments had announced several efforts to increase cultivation of pulses in the country. While the area under cultivation has seen an increase by 119 per cent, wholesale prices of the commodity has seen a dip,...
More »Food inflation to cool in August with prices of crops falling steeply amid good rains -Madhvi Sally
-The Economic Times NEW DELHI: Food inflation is poised to moderate significantly when data for August is released next month as the wholesale price of pulses has eased 30% while vegetable rates have dropped as much as 50% in some markets in the past four weeks because normal monsoon rainfall has raised prospects of a bumper harvest after two years of drought. Prices of all farm commodities are likely to fall noticeably...
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