Global food price index dips for the fifth consecutive month in October

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International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said today. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent […]

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State trade body urges government of India to restrict import of pulses, edible oil

Soon after the central government declared a hike in minimum support prices (MSPs) for most agricultural commodities, Saurashtra Oil Mill Association (SOMA) has urged the government to control imports of pulses and edible oilto keep domestic production competitive and ensure that farmers get the benefit of higher MSPs. Pulses in general are sold below MSP […]

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India’s edible oil consumption may exceed 34 million tonnes by 2030: RaboBank report

Growing population, economic growth and rising disposable income will drive India’s vegetable oil consumption growth, which is expected to grow by 3 per cent annually to exceed 34 million tonnes by 2030, according to a research report by Rabo Bank. The country’s vegetable oil consumption was at 23 million tonnes in 2017, it added. Because […]

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