Saudis boycott dairy products in protest at price increases
Saudi citizens have launched a campaign calling for a boycott of dairy products and coffee shops in protest at a sharp increase in the price of goods. In May, the price of chickens, eggs, yoghurts, cheese, and milk in Saudi Arabia almost doubled, provoking a major backlash against dairy companies. According to the Saudi Consumer Protection […]
Global oil price hike passed to consumers Will that happen with food too?
Brent crude prices crossed the $75-per-barrel psychological level last week and closed at $76.18 on Friday, the highest since October 29, 2018. While the increase in international oil prices – Brent was trading at just over $41/barrel a year ago – is being fully passed on to Indian consumers, it raises a related question: Will […]
Global oil price hike passed to consumers Will that happen with food too?
Brent crude prices crossed the $75-per-barrel psychological level last week and closed at $76.18 on Friday, the highest since October 29, 2018. While the increase in international oil prices – Brent was trading at just over $41/barrel a year ago – is being fully passed on to Indian consumers, it raises a related question: Will […]
A little tomorrow can make up for a whole lot of yesterday
It’s summer time. The weather is pushing mercury to move up. Milk supplies in most parts of the country are matching with that of last year’s scenario. The only difference is that the SMP and butter stocks are comparatively higher than last year. Recent Institutional purchase of SMP has changed the moods of the market. Everyone […]
SMP, Butter and ghee price in India gets bullish: Would it sustain ?
The commodities prices in India have begun to surge . The prices of SMP, butter and ghee are moving up. The price of milk in most parts of the country is also going up. In North the milk availability has become difficult and prices have gone upto Rs 45 per liter for buffalo milk . […]