-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...
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What Ignites Hatred In The Belly? -Ashutosh Sharma
-OutlookIndia.com The new welfarism as part of the neoliberal reforms undertaken in early 1990s is yet to ensure that all citizens receive enough nutritious food In December last year, Anjali—a student of MNM Government Girls School at Gangavati in Karnataka’s Koppal district—vented out her anger against deprivation of basic nutritious food, a chronic problem that plagues more than a quarter of India’s total population. In a viral rant, she called the bluff...
More »The Hard Grind: Wheat inflation becoming hard to stomach for Indian households -Siddharth Upasani
-Moneycontrol.com India was supposed to be largely insulated from the war between Russia and Ukraine as far as prices of Food items were concerned. However, there are signs that the conflict in Europe is adding to Indians' wheat bill. On April 18, data from the commerce ministry showed India's Wholesale Price Index (WPI) inflation unexpectedly rose to a four-month high of 14.55 percent in March. And while energy and metals led the...
More »In Wake of Ukraine War, India Set to See Rising Food Grain Prices -Siraj Hussain and Shweta Saini
-TheWire.in The wholesale price inflation for wheat in March was 14%. The retail prices will, therefore, reflect the same once the peak arrival season is over, in June 2022. Even the critics of India’s public distribution system (PDS) acknowledge that it worked well during the Covid-19 pandemic. Additional allocations of free Food grains at 5 kg per person per month, under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), helped prevent mass hunger...
More »Why wheat prices have shot up despite India’s huge reserves -Vivek Kaul
-Livemint.com Central stocks haven’t been released while exports were upped to fill a Ukraine war-created vacuum One side effect of Russia attacking Ukraine has been a rise in global wheat prices. Wheat importers are struggling. I had written about this possibility in this space on 23 March (‘Like oil, soaring prices of wheat could have broad repercussions’). Towards the end, I had said that India was unlikely to be impacted primarily because...
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