Wheat stocks are half of where they stood in October 2021. Public stocks of rice are nearly double stocking norm, but price outlook depends on actual harvest this season.
Aided by a fall in commodity prices and ease in food inflation, the inflation rate is expected to decline. India's annual retail inflation accelerated to a five-month high of 7.41% in September.
LocalCircles survey results come two weeks after dairy brands, including leading milk suppliers like Amul and Mother Dairy, had increased the price of their milk by Rs 2 per litre.
Global demand will put more pressure on India. Forty-six countries, including Sri Lanka and Pakistan, are in need or will be needing external food assistance.
Global food prices surged by 28% in 2021 compared to year before — highest in a decade, according to UN estimates. By May 2022, food prices were 60% higher compared to 2020.
The government will permit purchases of 2 million tons each of the two vegetable oils per annum this fiscal year and the next, according to a notification by the finance ministry.
New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...
No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.