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 […]
FAO Dairy Price index on the up in March 2024
The FAO Dairy Price Index averaged 124.2 points in March, up 3.5 points (2.9 percent) from February, marking the second consecutive monthly increase, but remained 11.1 points (8.2 percent) below its value in the corresponding month last year. In March, world cheese prices increased the most, reflecting the steady import demand from Asia, higher internal sales in […]
Ban on export of DORB a cattle feed ingredient may be extended
The government may extend its ban on exports of de-oiled rice bran (DORB)—a key ingredient of cattle feed—until March next year to keep milk prices in check, a senior official said. DORB, which is derived when crude oil is extracted from rice bran, is commonly used in animal nutrition products catering to cattle, poultry, horse, […]