The monsoon is critical to replenish 81 reservoirs necessary for power generation, irrigation and drinking
India's largest multinational flexible packaging materials and Solution Company Uflex Limited has reported a 22% rise in consolidated net profit for Q4 FY 2016-17 as compared to the same period in the previous fiscal.
The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 175.5 points in February, up 0.5 percent on January levels.
Out of Maggi crisis, FMCG firm Nestle India, is looking to diversify into new segments like premium coffee business, pet care, skin health and cereals while it looks at 2017 as a "year of aggression".
According to a Business Standard report, about 80 items are likely to make it to the exemption list. This includes grains, green coconut, poha, unprocessed green tea leaves, and non-mineral water.
"Second quarter corporate earnings suggest that net income growth continues to outpace revenue. Nevertheless, given the lagged effect of a rise in commodity prices amid modest demand and an unfavourable base effect, real manufacturing GVA growth is likely to decline to 7 percent in the second quarter from 9.2 percent."
An organic foods brand that spans 92 staple products including a variety of cereals, pulses, spices, oils, sweeteners, beverages and even ready-to-cook breakfast mixes.
Although monsoon is likely to be above normal this year, there was some delay in monsoon showers reaching many parts of the country and that delayed the sowing of the kharif crops.
While rising food inflation driven by pulses has been a never-ending discussion topic in India's macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210
Cereals, oil meals, oil seeds, fruits and vegetables, marine products, dairy and poultry products too recorded negative growth during the month, according to the Commerce Ministry. In all, 10 out of 13 main agriculture products that are closely monitored by the Commerce Ministry, were in the negative zone in July.
Concerned over declining exports, the Commerce Ministry is preparing a strategy paper to boost overseas shipments of agricultural products, particularly the value-added goods.
Country's foodgrain production has been revised upwards by over 5 million tonne to 255.36 million tonne in 2012-13 crop year from earlier estimates on account of higher output of rice, wheat and coarse cereals, according to the data released by the agriculture ministry.
CNBC-TV18‘s Latha Venkatesh says that a poll reveals expectations on stable inflation despite a hike in diesel prices.
ICRA has given comments on food inflation. As per research firm wholesale prices of pulses may continue to rise in the coming weeks.
The area under pulses and coarse cereals has declined in some parts of the country till August 12 in the ensuing kharif sowing season that began in June, Agriculture Minister Sharad Pawar said today.
Food inflation fell to a three-week low of 7.58% for the week ended July 9 on the back of cheaper pulse prices and a high base last year.
Food inflation shot up to 8.55% for the week ended May 14, the highest level in four weeks, as prices of fruits, cereals and protein-based items escalated.