Cereals, dairy prices push FAO food price index up in May
Global food commodity prices rose for a third consecutive month in May due to increases in the prices of cereals and dairy products. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, rose 0.9% in May compared to the previous month, reaching 120.4 points. The index […]
Cereals, milk, vegetables turn costlier on month; potato prices zoom
Retail food inflation softened marginally to 8.52% in March, 2024 from 8.66% in previous month due to sequential drop in prices of pulses an edible oils and spices, and a high base. The prices of key items like cereals, milk, meat and vegetables, however, saw a rise on a month-on-month basis. The relevant consumer food […]
Indians spending more on milk, F&V than foodgrains
The latest Household Consumption Expenditure Survey (HCES) for 2022-23 does not only point to a continuing decline in the share of food items in the total spending basket of Indians. Equally revealing is a shift in the composition of food expenditure itself — from foodgrains and sugar to animal and horticulture products. In other words, from foods […]
Inflation concerns persist for milk, cereals and pulses
Vegetable prices may have slowly started decreasing, but other food products, including cereals, pulses, spices and milk may only give comfort for a while. The expectation is that August inflation could be in the range of 6.5 to 7.2 per cent. Data from Consumer Affairs Ministry tabled in Parliament showed divergent price trends for various […]
Milk in short supply, Karnataka comes up with a solution
EVEN AS worries over cereal inflation are receding — with temperatures not rising as much to damage the standing wheat crop — it is milk that’s increasingly becoming a cause for concern. he Karnataka Cooperative Milk Producers’ Federation (KMF) has recently hiked the price of full-cream milk, sold under its ‘Nandini’ brand, in a rather […]
Dairy, MSP and FCI: Myths and realities
Comparing the cereal economy with dairy sector is illogical. Despite their faults, MSP regime and FCI are relevant There has been a considerable amount of debate and discussion on the new the farm legislation, which has raised concerns over the relevance of the Minimum Support Price (MSP) mechanism. Also, the Food Corporation of India (FCI) […]