Page 12 - Food Inflation

Global wheat prices soar in risk to inflation as India restricts exports

Benchmark futures in Chicago rose as much as 5.9% to $12.475 a bushel, the highest in two months and within about $1 of the all-time high set just after Russia's invasion

Muted impact of wheat export ban on India's domestic food inflation: Nomura

If India's wheat ban leads to higher price of substitutes like rice, then there could be upward pressure on other food prices

Don't want wheat to be exported in an unregulated manner, says govt

No order is in perpetuity, wheat export ban be reviewed, says commerce secretary B V R Subrahmanyam

Wheat export ban to help control prices, regulate trade, says govt

'There is no dramatic fall in production. I do not think there is a crisis which needs to be imagined. There is adequate food available in government stocks and private stocks,' says commerce secy

No food crunch, ban on wheat exports is to check unregulated trade: Govt

The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies 'to meet their food security needs'

Inflation-brace for aftershocks

Goods producers have passed on more input cost increases than services producers

Retail inflation for industrial workers rises to 5.35% in March

Retail inflation for industrial workers rose to 5.35 per cent in March from 5.04 per cent in February this year, mainly due to higher prices of certain food items. "Year-on-year inflation for the month stood at 5.35 per cent compared to 5.04 per cent for the previous month (February 2022) and 5.64 per cent during the corresponding month (March 2021) a year before," a labour ministry statement said. Similarly, it stated that food inflation stood at 6.27 per cent against 5.09 per cent of the previous month and 5.36 per cent during the corresponding month a year ago. The All-India CPI-IW (consumer price index-industrial workers) for March 2022, increased by 1.0 point to 126 points. It was 125 points in February 2022. On one-month percentage change, it increased by 0.80 per cent in the previous month compared to an increase of 0.50 per cent recorded between corresponding months a year ago. The maximum upward pressure in the current index came from Food and Beverages group contributing

How much should India worry over Indonesian palm oil export ban?

Indonesia has stopped palm oil export, the effect of which will soon be felt in India. Along with increased fertiliser subsidy bill and soaring fuel prices, it may widen India's current account defici

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports

Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.

Soyoil prices surge to record high as Indonesia bans palm oil exports

Loss of shipments from Ukraine, the world's top supplier of sunflower oil, and drought in the world's top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices

Markets not fully pricing in possibility of higher inflation: Analysts

India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.

Can consumers expect relief from further fuel price hike?

March inflation has surged to 6.95% in India. The government, however, is keen to share some burden if oil prices remain above $ 110 per barrel mark. But is there a relief in the offing?

Can consumers expect relief from further fuel price hike?

March inflation has surged to 6.95% in India. The government, however, is keen to share some burden if oil prices remain above $ 110 per barrel mark. But is there a relief in the offing?

Rising food prices may prompt unrest in poor countries: WTO chief

WTO chief Ngozi Okonjo-Iweala said that food price growth that's happening as a result of the situation in Ukraine may prompt unrest among undernourished people in poverty-stricken countries.

Top headlines: Rupee heading for all-time low, food inflation set to worsen

Business Standard brings you the top headlines this morning.

India's food inflation set to worsen as Russia-Ukraine crisis intensifies

Among food items, the data shows that inflation in milk has risen from 2.73 per cent in January 2021 to 4.09 per cent in January 2022

Russia-Ukraine crisis: Food prices set to zoom on threat to shipments

Ukraine and Russia together account for more than a quarter of the global trade in wheat, as well as a fifth of corn sales

Food inflation risks balloon as prices of wheat to palm oil soar

Ukraine and Russia account for about a quarter of the global trade in wheat, a fifth of corn sales, and 80% of worldwide sunflower oil exports.

WPI inflation eases to 12.96 pc in Jan; food prices harden

WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021.