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Govt lifts stock restrictions on edible oil for wholesale traders

-Hindustan Times The exemption on stock limits will also apply to big-chain suppliers and super markets, the government added, in a move aimed at easing tight controls over stocking of edible oils due to high prices New Delhi: The Union government said in a notification issued Tuesday that it has lifted restrictions on stocks of edible oil wholesalers can store owing to an increase in global supplies and stable domestic prices. The exemption...

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Energy prices to fall 11% in 2023 as economies slow down: World Bank study -Raghav Aggarwal

-Business Standard Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report Global energy prices will ease in the next couple of years but "remain considerably" higher than the historic average, said a report on Wednesday. In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises. "As the global growth slowdown intensifies, commodity prices are expected to ease in...

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Rabi MSP sends wrong signals -Nilanjan Ghosh

-The Hindu Business Line Millets such as ragi deserve higher support prices as they are important for nutrition and water efficiency  The CACP recommendations on Minimum Support Prices (MSP) for the mandated six Rabi crops — wheat, barley, gram, lentil, rapeseed and mustard, and safflower — are arrived by considering several factors. These include the cost of production, supply and demand situation of various crops in domestic and Global Markets, domestic and world...

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A reality check -Renu Kohli

-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....

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India’s green push for second-generation bioethanol -Rahul Jain

-Down to Earth Could diversify feedstock basket, help secure long-term sustainability with improved economics  Ethanol-blended petrol is regarded as one of the most acceptable alternative fuel blends for transportation; however, the use of molasses and broken grains for its production raises the question of food vs fuel. Second-generation (2G) bioethanol could help to secure long-term sustainability with improved economics for the Indian biofuel market.   Union Minister of State (Ministry of Science and...

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