Potato prices jump by 25% due to crop damage, frequent hailstorms


Potato prices have jumped by 25 per cent in a month due to crop damage and frequent hailstorms in major cultivating regions. The price currently stands at double than its quote around the same time last year, reports Business Standard. The data compiled by the Nashik-based National Horticultural Research & Development Foundation showed model potato price […]

Read more

India’s Chief Economic Advisor calls recent inflation spike transitory

A surge in onion prices contributed around 70 basis points to retail inflation that scaled a 68-month peak of 7.59 per cent in January, chief economic adviser Krishnamurthy Subramanian said, stressing that the latest spike in inflation is “transitory” and is substantially driven by volatile vegetable prices and an unfavourable base, reported Financial Express.. He […]

Read more

Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

Read more

INTERVIEW – LT Foods says to offer organic products directly to consumers in key markets

Ecolife products, the organic food brand of Gurgaon-based basmati rice major LT Foods, will soon be readily available in leading retail outlets in the country, a top company official said. Managing Director Ashwani Arora told Indoasiancommodities.com in an interview that the company had taken a low-key plunge in the organic foods business over two decades […]

Read more

Organised retail sector consolidating in India while mom-and-pop format dominates – report


Organised retail in India consolidated in 2017 with larger players expanding their presence through acquisition of regional players, the U.S. Department of Agriculture (USDA) said in a report. Modern retail valued at two percent of the total food and grocery business remains constrained by low profitability though domestic and international players are building a stronger […]

Read more