Wednesday, 18 May, 2022
TopicFood inflation

Topic: Food inflation

Wheat prices soar, risk of food inflation spikes: Aftermath of India’s move to ban exports

India prioritised the domestic market even as the move risks its international image as a reliable supplier. Still, the government’s wheat procurement may not meet its needs.

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India bans immediate export of wheat to control rising domestic prices

The country’s retail inflation surged to 7.79% in April, an 8-year high.

Snacks packets get lighter as firms use ‘shrinkflation’ to cope with rising costs

Food companies are under pressure due to rising edible oil prices. Britannia had passed on 65% of its incremental input cost rises in 2021-22 by reducing weights on their existing price points.

Palm oil prices soar as Indonesia halting export threatens to fan global food inflation

The ban by Indonesia, which accounts for a third of global edible oil exports, adds to a raft of crop protectionism around the world since the war erupted in Ukraine.

Why India shouldn’t get carried away by wheat, rice export bonanza due to Ukraine war

Modi govt must assess food inflation and the domestic requirement of wheat and rice in a war-ravaged year. Data on procurement doesn't look good.

Why Indians have to resign to the fact that food prices will stay high this year

For India, food will be dearer in 2022. The tradeoff between high growth and high inflation is tricky, and RBI has the unenviable task of balancing it.

How Russia-Ukraine war is leading to Central Asian nations going hungry

Rising food prices—a result of both Western sanctions on Russia and of the integration of national economies—have set the alarm bells ringing across Central Asian countries.

Wheat price surges to all-time high as Russian invasion cuts off supplies from Ukraine

Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.

How govts across the global are battling priciest food rates since 1970s

In India, Modi govt is distributing free rice & wheat and has implemented trade measures to shield consumers, including cutting duties on palm, soybean, sunflower oils and lentils.

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Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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