The current deflation in food prices appears structurally different from earlier glut years. Demonetisation may have weakened farmers’ elbow room to negotiate better prices with wholesalers offering a “take or leave it” offer in mandis
The central bank has called for comments on the discussion paper by May 19.
Demonetisation impact seen in food inflation with vegetable, fruit and poultry prices decelerating in the main trade markets and mandis following the cash crunch
CNBC-TV18's Priya Sheth visited many kirana stores in Mumbai and reports that most of them have lost around 20-30 percent of sales to super-markets and online players.
After fifty days of demonetisation, things remain equally painful for the wholesale traders with sales down as much as 60-80 percent.
While wholesale segment sales remain the same, retail sales have slumped by 25-30 percent post the cash ban, says Shah. But retail only accounts for 15 percent of total cement sales.
Future Group food and FMCG arm Future Consumer Ltd has formed a 50:50 joint venture with the UK's largest wholesaler, Booker Group, to expand and develop Booker India.
Retail as well as wholesale trade has been "affected severely" due to the demonetisation of the high-value currency, traders body CAIT said today.
At present, the retail price of most pulses are still ruling high across the country even as the wholesale prices have started showing a declining trend.
Wholesale potato prices in Agra, Uttar Pradesh has increased to Rs 15.25 per kg today from Rs 7 per kg in the year-ago period.
Apple Energy LLC is seeking to sell power at wholesale prices, in part from the solar energy and hydroelectric facilities connected to places like the Apple Data Center, according to documents filed with the Federal Energy Regulatory Commission.
The wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 2,216.56 crore in 69 trades.
Contraction in prices is estimated to be lesser on the back of hardening food inflation, reports CNBC-TV18. The WPI numbers will come at noon.
The inflation in pulses have been recording double digit increase since January 2015 when it was 12.56 percent. Since then inflation touched a high of 58.09 percent in November 2015.
"Notwithstanding the benign retail and wholesale price forecast for 2016-17, Ind-Ra believes the inflationary challenge is far from over as food prices have more than often triggered surprises," the agency's Chief Economist Devendra Pant said in a statement.
According to official figures, deflationary trend continued for the 11th straight month with Wholesale Price Index based inflation remaining in the negative territory at (-)4.54 percent in September.
It further said "the Reserve Bank of India paused its monetary easing cycle, but we expect there will be further cuts in 2015 as inflation continues to fall."
Maruti Suzuki's Chairman, RC Bhargava believes a combination of new launches and the festive season will boost sales growth in the second half of this year.
The bank's net profit in the June quarter of 2014-15 stood at Rs 21.43 crore. Higher earnings from corporate, wholesale and retail banking contributed to the profit rise.
Government to export surplus sugar of 4 million tonnes through barter trade with other nations. Marketmen said brisk buying and government decision on exports influenced sugar prices.
This 4 percent excise duty will have to be passed on to consumers as most companies do not have this kind of margin to absorb a 4 percent hike, Maruti chairman RC Bhargava says. He is not sure whether this price rise will have a demand impact, but believes it will not have a long-term impact.
UBS expects HDFC's earnings (standalone) to improve from 15 percent CAGR over FY12-14 to 20 percent CAGR in FY16-FY17E. It has upgraded ratings on the stock with a revised target price of Rs 1300.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport spoke about the problems non-banking financial companies (NBFCs) are facing while raising money from the wholesale market ever since the Reserve Bank of India (RBI) tightened liquidity on July 15.
Among private banks, Barclays highlights Yes Bank and IndusInd Bank as most reliant on short-term wholesale funding, while non-banking financial companies such as IDFC are also vulnerable.
Tata Motors' group global wholesales in September slipped 4% year-on-year to 1,03,656 units amid declining demand for passenger vehicles.