Food Category
The Commission for Agricultural Costs and Prices (CACP) has recommended the government to frame a dual price policy for sugar trade in India for the benefit of farmers, reports Business Standard. Sugar prices have jumped marginally by Re 1-2 a kg in the wholesale markets due to lower production estimates in India and improving prospects for exports. With this increase, […]
Retail inflation in India rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI’s comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review due […]
Consumer Affairs Minister Ram Vilas Paswan told reporters that the central government is “worried” about disposing imported onions as not many states are interested to take it despite being offered at an average landed cost of Rs 55 per kg. Retail onion prices, which were ruling over Rs 100 per kg in most cities since […]
The country’s kharif food production could be much lower than the Centre’s first advance estimate of a marginal fall. Heavy post-monsoon showers are a key reason. The production of coarse grains, pulses, oil seeds and sugarcane is expected to decline in the summer season of 2019-20 due to late monsoon and erratic and heavy rains […]
Global food prices hit a five-year high in December, the UN Food and Agriculture Organization (FAO) said in its monthly report. World food prices rose for the third consecutive month in December, as a strong rally in vegetable oil prices drove the FAO Food Price Index to its highest level in five years. The FAO […]
Amid the setback faced by the Indian basmati exporters over stalled shipments due to the ongoing US-Iran standoff, the prices of non-basmati paddy are holding firm and rising in some local markets after reports of crop damage following last year’s heavy rainfall and subsequent flooding in major growing areas have surfaced, Business Standard reports. After the advisory by All India Rice […]
The government has imposed restrictions on imports of refined palm oil and palmolein, a move in retaliation against top supplier Malaysia after its criticism of India’s actions in Kashmir and the Citizenship (Amendment) Act, 2019 (CAA). According to a notification of the Directorate General of Foreign Trade (DGFT), “import policy” is amended from “free to […]
After enduring the rise in onion prices for months, the Congress government in Madhya Pradesh accused the Centre of harming farmers’ interest by importing onions from Turkey at a time when local bulbs are arriving in the market, PTI reports. While onion prices hovered at Rs 100 per kg for the last two months, the staple is […]
The country’s sugar production has fallen sharply by 30.22 per cent to 7.79 million tonnes in the first three months of current marketing year ending September, but ex-mill prices have remained stable so far, helping mills clear cane payment to farmers on time, ISMA said. However, sugar exports are happening at a good pace, Indian […]
The global soybean market will have a tough job in 2020 adapting to the impact of the most recent chapters of the US-China trade dispute, the prolonged influence of African swine fever on Chinese consumption and the rise of Brazil to the top spot in global production rankings. The US-China trade dispute has dragged on […]
