-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...
More »SEARCH RESULT
Total Matching Records found : 10089
Food price inflation could have been avoided, says new IPES-Food report
-International Panel of Experts on Sustainable Food Systems (IPES-Food) How the failure to reform Food systems has allowed the war in Ukraine to spark a third global Food price crisis in 15 years, and what can be done to prevent the next one. With the invasion of Ukraine sparking a third Food price crisis in 15 years, a new IPES-Food special report, ‘Another Perfect Storm?’ takes stock of the critical factors fanning...
More »Wheat Crisis: Centre to procure half of what it procured last year; stops procurement in Punjab -Raju Sajwan
-Down to Earth Current circumstances could lead to a reddux of 2006-07, when wheat had to be imported The Centre announced May 4, 2022, that it would procure only 19.5 million tonnes (MT) of wheat in 2022-23, about 56 per cent less than the target decided for this year. It also announced that government procurement of wheat in Punjab would stop from May 5. The reason given was the lesser amount of wheat...
More »Britannia warns of further price hikes -Suneera Tandon
-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...
More »UN agency in talks with India on wheat procurement amid Ukraine war
-PTI/ The Hindu World Food Programme report talks of a three-dimensional crisis — food, energy and finance The United Nations’ World Food Programme (WFP) has said that it is in discussions with India on procurement of wheat as several countries face Food security challenges amid the Ukraine war. “We are in discussions with India on procurement of wheat. So, that is something which is ongoing,” the WFP’s Chief Economist Arif Husain said at...
More »
