-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...
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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 »WPI inflation rises to 14.55% in March, completes one year in double-digit territory
-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
More »What’s fuelling higher inflation in rural India? -Vikas Dhoot
-The Hindu Why are food, clothing and fuel prices higher in the hinterland? Will a good monsoon help ease the crisis? The story so far: The retail inflation rate surged to 6.95% this March — its highest level in nearly one and a half years, capping off six successive months of accelerating prices for consumers. With incremental fuel price hikes only kicking in during the latter half of March, the full impact...
More »Waging war for sustenance -Aunindyo Chakravarty
-The Tribune Disruption in supplies due to Ukraine crisis may create food shortage, price distortions The war in Ukraine has become a war on the world’s poor. Russia and Ukraine, together, accounted for a quarter of the world’s wheat exports, one-sixth of global corn exports, nearly a third of barley and three-fourths of the export of sunflower oil. American sanctions on Russia mean it cannot sell its extra wheat in the global...
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