Page 8 - Food Prices
Cereal prices rise due to low stocks, high demand amid patchy rains
In case of paddy, patchy monsoon since the start of June over the main paddy growing regions of UP, Bihar, Jharkhand, West Bengal and Odisha has pulled down acreage
 "Cereal prices rise due to low stocks, high demand amid patchy rains")
Moody's warns of India's vulnerability to volatile food, energy prices
Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise
 "Moody's warns of India's vulnerability to volatile food, energy prices")
Eating out? Be prepared to shell out more as restaurants hike rates
High food inflation forces restaurants to hike prices; ban on service charge will likely lead to further increases in the prices of dishes on the menu
 "Eating out? Be prepared to shell out more as restaurants hike rates")
Rising gas prices threaten stability and livelihoods around the world
The cost of filling a car's tank, getting to work and cooking dinner has spiked
 "Rising gas prices threaten stability and livelihoods around the world")
Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%
Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.
 "Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%")
Explained: Why India holds the key to global rice market outlook
Monsoon rains determine the size of India's rice crop, and plentiful rains this year would help it maintain its preeminent position in the global rice trade
Gas and food prices likely kept US inflation painfully high in May
The costs of gas, food and other necessities likely shot up in May, giving Americans no respite from the worst outbreak of inflation in four decades
 "Gas and food prices likely kept US inflation painfully high in May")
FY22 agri inflation at six-year high, but did farmers reap full benefit?
Though Indian farmers may have gained from higher than usual inflation in crop prices, they have also had to pay more for their inputs and other items of consumption and service
 "FY22 agri inflation at six-year high, but did farmers reap full benefit?")
Oil shock devastates poorer nations as shortages, protests mount
Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices
 "Oil shock devastates poorer nations as shortages, protests mount")
Pakistan inflation climbs to 13.8% in May on rising food and fuel prices
Food prices surged 17.3%, while transport costs surged 31.8%, the data showed
 "Pakistan inflation climbs to 13.8% in May on rising food and fuel prices")
Russia's war in Ukraine adds to food price hikes, hunger in Africa
Nearly all the wheat sold in Somalia comes from Ukraine and Russia, which have halted exports through the Black Sea since Moscow waged war on its neighbor on Feb 24
 "Russia's war in Ukraine adds to food price hikes, hunger in Africa")
BS Number Wise: How consumption is set to outstrip food grain production
Consumption will exceed food grain production but the world is not on the brink of a hunger crisis
 "BS Number Wise: How consumption is set to outstrip food grain production")
India's retirees tap savings, cut down expenses as living costs soar
Sharply rising prices are hitting older people the world over as global supply problems caused by the pandemic -- and made worse by the Ukraine war -- propel food and fuel costs higher
 "India's retirees tap savings, cut down expenses as living costs soar")
Statsguru: From food to fuel, here's how rising prices are affecting us
In April, the wholesale food price index rose 8.9 per cent, while the consumer food price index rose 8.4 per cent
 "Statsguru: From food to fuel, here's how rising prices are affecting us")
Prices of food items continuing to increase in May, says RBI report
"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-based increase," the report said.
 "Prices of food items continuing to increase in May, says RBI report")
WEF 2022: Why are global food commodity prices near an all-time high?
Higher global food prices are part of a wider trend of cost-of-living increases already at work in both advanced and emerging economies.
 "WEF 2022: Why are global food commodity prices near an all-time high?")
Higher food prices to aid farm income, even as costs rise: BofA Securities
A normal monsoon will help raise agri output while higher food prices will help increase farm incomes, says the report
 "Higher food prices to aid farm income, even as costs rise: BofA Securities")
New Zealand's annual food prices rise 6.4%, hike across all food categories
"Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021," consumer prices manager Katrina Dewbery said in a statement
Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said
 "Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank")
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
 "Soyoil prices surge to record high as Indonesia bans palm oil exports")