The Reserve Bank of India’s projections place average headline inflation in the current financial year started on Apr 1 not too far from the target rate of 4%, but an internal assessment by the finance ministry is relatively more pessimistic. The ministry expects inflation based on the Consumer...
The Indian government has allowed export of 99,150 tn of onion to Bangladesh, the United Arab Emirates, Bhutan, Bahrain, Mauritius and Sri Lanka through National Cooperative Exports Ltd, the consumer affairs, food & public distribution ministry said in a release today. This comes against the...
A surge in gold prices, fewer weddings, and election-related restrictions are likely to reduce consumer demand for physical gold in India, Kavita Chacko, research head of India, World Gold Council, said in a note. However, any price stability ahead of Akshaya Tritiya could provide some respite for...
India's edible oil imports for 2023-24 (Nov-Oct) are likely to decline about 2.5% to 16.05 mln tn after the all-time high volumes shipped in last year, said Rajesh Patel, managing partner of Rajkot-based GGN Research. Citing India's high consumption demand--estimated at 26 mln tn a year, of...
The Food Corp of India's wheat procurement this rabi marketing season was down 20% year-on-year at 13.58 mln tn as of Wednesday, an official told Informist today. The procurement, which started a month early in March, is lower than last year as untimely rainfall has affected the quality of the...
