FAO Food Price Index declines in January for fifth consecutive month
The measure of world food commodity prices declined in January for the fifth consecutive month, led by lower international quotations for dairy, sugar and meat products, according to the benchmark report released Friday by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, which tracks monthly changes in the international prices of…
Ghee and milk products inflation drops
Ghee inflation is at a 41-month low of 0.21 per cent in August, data from the Statistics Ministry showed. While inflation for ghee is the lowest, it is on the decline for the entire range of milk products. Experts attribute this to two reasons – a higher base effect and lower prices of fodder and…