Inflation in food and beverages rose to 7.57% in August, from 6.71% reported in July, because of a spike in prices of cereals, and some of the key vegetables and fruits. Retail inflation up to seven percent, again RBI is planning to hike interest rate again in late September. again 6.7% in july ,is driven by a jump in price of vegetables,cereals,pulses and dairy products.
Tomato output has declined to 20.30 mt in 2021-22
The country’s potato output in the 2021-22 crop year (July-June) has declined to 53.6 million tonne (mt) from a record output of 56.1 mt in 2020-21. Similarly, tomato output has declined to 20.30 mt in 2021-22 from a record 21.18 mt in the previous year.
Tomato crop production has been hit and prices are expected to be firm
Due to heavy rains in the key tomato growing regions of Karnataka in the last few weeks, tomato crop production has been hit and prices are expected to be firm in the next four to six weeks, traders say.
Global price of palm oil had started to decline gradually after Indonesia
However, global prices of edible oils such palm and soybean oil have declined by more than 30% in the last two months. Since May, the global price of palm oil had started to decline gradually after Indonesia, the biggest exporter of the item, removed a ban on shipments.
Adani Wilmar, Emami Agrotech and Ruchi Soya, had cut retail prices of edible oils
India imports 56% of its edible oil requirements. Last month, edible oil manufacturers, including Adani Wilmar, Emami Agrotech and Ruchi Soya, had cut retail prices of edible oils.
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