Global Food Prices

The annual wholesale price inflation eased to 11.16 per cent in July from the previous month's 12.07 per cent, helped by lower increase in the cost of fuel and food items, government data showed on Monda

India's retail inflation data for June is expected on July 12, and according to a recent poll conducted by news agency Reuters, it may have accelerated to a seven-month high, due torising food and fuel prices.

Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations reported on Thursday.

The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 100.9 points last month, the highest since January, versus a slightly revised 97.8 in September.

United Nations agency World Food Programme (WFP) said global markets for basic cereals are well-supplied and prices generally low.

The food association between Australia and India has grown very quickly. In my thirties, Indian food existed in Australia but existed in a simple form.

Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.

Faster rises in prices of food and fuel products led to rise in retail inflation.

At the same time, stronger food and oil prices are also expected to accelerate wholesale price index (WPI) index to 2.9 per cent in August from 1.9 per cent in July, the global brokerage said in the report.

It also said that food price pressures could build up anew if El Nino disrupts the south-west monsoon this year, while core inflation, which has been sticky, could also edge up if domestic demand improves.

Taxing food on the basis of planet-warming emissions generated to produce it could boost the fight against climate change and save half a million lives, a study said on Monday.

The world's wheat and rice producers are headed for a record harvest this year, drastically reducing the global food bill as prices fall, the FAO said on Thursday.

Imports have been encouraging so far and the total imports during the year may rise by 20 per cent to 13,500 tonnes.

Eurozone inflation was stable in August, against expectations of a slight rise, as food, industrial goods and services prices increased by less than in July, piling more pressure on the European Central Bank to act.

From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.

The annual wholesale price inflation eased to 11.16 per cent in July from the previous month's 12.07 per cent, helped by lower increase in the cost of fuel and food items, government data showed on Monda

India's retail inflation data for June is expected on July 12, and according to a recent poll conducted by news agency Reuters, it may have accelerated to a seven-month high, due torising food and fuel prices.

Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations reported on Thursday.

The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 100.9 points last month, the highest since January, versus a slightly revised 97.8 in September.

United Nations agency World Food Programme (WFP) said global markets for basic cereals are well-supplied and prices generally low.

The food association between Australia and India has grown very quickly. In my thirties, Indian food existed in Australia but existed in a simple form.

Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.

Faster rises in prices of food and fuel products led to rise in retail inflation.

At the same time, stronger food and oil prices are also expected to accelerate wholesale price index (WPI) index to 2.9 per cent in August from 1.9 per cent in July, the global brokerage said in the report.

It also said that food price pressures could build up anew if El Nino disrupts the south-west monsoon this year, while core inflation, which has been sticky, could also edge up if domestic demand improves.

Taxing food on the basis of planet-warming emissions generated to produce it could boost the fight against climate change and save half a million lives, a study said on Monday.

The world's wheat and rice producers are headed for a record harvest this year, drastically reducing the global food bill as prices fall, the FAO said on Thursday.

Imports have been encouraging so far and the total imports during the year may rise by 20 per cent to 13,500 tonnes.

Eurozone inflation was stable in August, against expectations of a slight rise, as food, industrial goods and services prices increased by less than in July, piling more pressure on the European Central Bank to act.

From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.