Indian wheat prices hit record high on strong demand, supply crunch
1 month, 4 weeks ago

Indian wheat prices hit record high on strong demand, supply crunch

Deccan Chronicle  

Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month.Supplies are limited in the market, and stockists are unwilling to release wheat at lower prices, said Pramod Kumar, a flour miller. "If the government begins releasing stocks, supplies will improve, and prices will decrease, as they did last year. "In September, New Delhi lowered the limit on wheat stocks that traders and millers can hold to help boost the grain's availability and moderate prices.But the curbs failed to bring down prices, which were trading around 30,000 rupees per metric ton in Indore in central state of Madhya Pradesh, up from 24,500 rupees in April and far above the government fixed minimum support price of 22,750 rupees for last season's crop.Traders anticipate that prices will rise further as the new season's crop is not expected to reach the market until March, said a Mumbai-based dealer with a global trade house. The government needs to start releasing stocks immediately, or prices will rise further," he said.India initially planned to sell wheat from its state reserves to bulk consumers from July, but this was delayed and there has been no subsequent update on its plans.Last year the government started selling wheat from its reserves in June, and between then and March 2024 it sold a record almost 10 million tons from stocks.

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India bond yields seen a tad higher ahead of debt supply
4 weeks, 1 day ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 13 - Indian government bonds are expected to rise marginally in early deals on Friday, as market participants await a fresh supply of debt through the weekly auction, while elevated U.S. yields will continue to weigh on sentiment. New Delhi aims to raise 370 billion rupees through the sale of bonds later in the day, …

Anticipating price rise, Centre imposes fresh caps on wheat inventories
4 weeks, 2 days ago

Anticipating price rise, Centre imposes fresh caps on wheat inventories

Hindustan Times  

NEW DELHI: The Centre on Wednesday further reduced the limit of wheat stocks that traders and millers can store at any given point, a step authorities said was necessary to tamp down prices. A worker sifts wheat before filling in sacks at the market yard of the Agriculture Product Marketing Committee on the outskirts of Ahmedabad Restricting the amount of …

Govt to e-auction 25 LMT wheat to stabilise open market prices
1 month, 1 week ago

Govt to e-auction 25 LMT wheat to stabilise open market prices

Live Mint  

The government has decided to offload 25 lakh metric tonnes of wheat under the Open Market Sales Scheme 2024, a move that is aimed at moderating wheat prices in the open market. The ministry of consumer affairs, food & public distribution has directed the Food Corporation of India to offload 25 LMT of wheat and conduct the sale via e-auctions, …

India Expects Relief in Food Inflation with Strong Kharif Harvest
1 month, 2 weeks ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News
3 months, 4 weeks ago

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News

ABP News  

The Indian government has recently lifted the Minimum Export Price restrictions on onions and basmati rice, which were previously imposed to control domestic prices. Previously, the government had set the MEP at $550 per ton for onions and $950 per ton for basmati rice. These limits prevented the export of onions and basmati rice at prices lower than the set …

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies
4 months ago

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies

Live Mint  

New Delhi: The government started selling onions at ₹35/kg on Thursday to contain rising prices, replicating the step taken to cool rising tomato prices earlier this year. “The subsidised onions will be sold in Delhi NCR and Mumbai in the first phase,” Union minister of consumer affairs and food distribution Pralhad Joshi said while launching the initiative. The subsidised onions …

India bond yields may inch higher ahead of over $4 bln state debt sale
4 months, 2 weeks ago

India bond yields may inch higher ahead of over $4 bln state debt sale

Hindustan Times  

By Dharamraj Dhutia India bond yields may inch higher ahead of over $4 bln state debt sale MUMBAI, - Indian government bond yields may open a tad higher on Tuesday, as traders brace for higher-than-expected supply from states later in the day, while U.S. Treasury yields remained largely unchanged. "With global factors going quite, focus will once again shift to …

The paradox of high food prices amid surpluses
5 months, 3 weeks ago

The paradox of high food prices amid surpluses

New Indian Express  

Shivraj Singh Chouhan has taken charge at New Delhi’s Krishi Bhawan as the Union agriculture minister. We face a peculiar situation where production estimates are reaching record levels, yet food prices are skyrocketing. The government claimed record wheat production last year, but had to impose stock limits on the grain on June 13, 2023. This year, too, government estimates set …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 3 weeks ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

Tomatoes at ₹90 per kg as vegetable prices soar across Delhi-NCR
6 months ago

Tomatoes at ₹90 per kg as vegetable prices soar across Delhi-NCR

Hindustan Times  

Tomato prices in Delhi surged to ₹90 per kg as supplies have taken a hit due to monsoon rains in many states across the country. The rates of tomatoes have also gone up in the major wholesale vegetable markets of Delhi, including Azadpur Mandi, Ghazipur Mandi, and Okhla Sabzi Mandi. Sanjay Bhagat, a wholesale vegetable vendor in Azadpur Mandi, told …

Centre imposes stockholding limits on wheat
6 months, 2 weeks ago

Centre imposes stockholding limits on wheat

New Indian Express  

NEW DELHI: The Centre on Monday imposed a stock limit on wheat to reduce hoarding of the grain and stablise its prices. “The government is open to all options if the stock limit would not cool down the price such as by reducing import duty and would soon think to dump wheat in the open market through open market sales …

‘Keeping Prices Stable Top Priority’: After Pulses, Centre Imposes Stock Limits On Wheat
6 months, 2 weeks ago

‘Keeping Prices Stable Top Priority’: After Pulses, Centre Imposes Stock Limits On Wheat

News 18  

Days after imposing stock limits on pulses, the government has now imposed stock limits on wheat from June 24, 2024 to March 31, 2025. “We will be taking action as required which would ensure that the prices of wheat remain stable.” ‘NO SHORTAGE OF WHEAT; PRICES STABLE’ Chopra rubbished reports of shortage of wheat in the country. The prices are …

India plans to reduce wheat import duty from July in a bid to cool prices
6 months, 2 weeks ago

India plans to reduce wheat import duty from July in a bid to cool prices

Live Mint  

India is set to resume wheat imports by lowering the duty on inbound shipments while also imposing stock limits on the grain, three officials said, in a new attempt to tame prices and boost supplies. Also this | Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target “As per my understanding and discussions at …

India set for wheat imports after six years, to shore up reserves
7 months, 1 week ago

India set for wheat imports after six years, to shore up reserves

Hindustan Times  

* India set for wheat imports after six years, to shore up reserves India expected to scrap wheat import duty after June * Traders, flour millers likely to import wheat from Russia * New Delhi expected to restore wheat import tax after Sept * India aims for wheat reserves of 10 mln tons By Mayank Bhardwaj and Rajendra Jadhav NEW …

Wheat procurement sufficient for food-security schemes: Govt
8 months, 1 week ago

Wheat procurement sufficient for food-security schemes: Govt

Hindustan Times  

The government’s procurement of wheat has crossed the minimum threshold quantity required to cater to all welfare schemes despite a delayed start, including distribution of free grains to nearly 800 million beneficiaries under the National Food Security Act, and authorities said they were on course to achieve grain-stocking targets for 2024. Procurement refers to purchases of grains by the Food …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 3 weeks ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

‘Delhi Chalo’ protests | Why farmers are marching to Delhi?
10 months, 3 weeks ago

‘Delhi Chalo’ protests | Why farmers are marching to Delhi?

The Hindu  

Police fired teargas on February 13 at hundreds of farmers and supporters during their protest march to New Delhi to demand better prices for their produce. The Modi government also aims to prevent a repeat of a year-long protest in 2020-21 when the farmers forced the government to scarp three farm laws. The government announces support prices for more than …

Govt targets wheat hoarders, halves stock limits again
11 months ago

Govt targets wheat hoarders, halves stock limits again

Live Mint  

The Union government has imposed another round of curbs on stocking of wheat, drastically lowering the limit for the second time since December as it seeks to prevent hoarding and speculation that could spike prices. “Officials of Central and state governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created …

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
1 year ago

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024

The Hindu  

Indian rice exporters anticipate 2024 to be a challenging year marked by policy uncertainties and elevated local prices, hindering the normalisation of rice exports from the country. According to S&P Global Commodity Insights, the Indian Government's policy intervention in 2023, including banning non-Basmati white rice exports, imposing a 20 per cent duty on parboiled rice exports, and setting a minimum …

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year
1 year ago

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year

India TV News  

Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. In the preceding 2022-23 crop year, wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year. Last year, the FCI's …

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices
1 year, 1 month ago

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices

Live Mint  

The government has banned exports of onion and imposed additional limits on stocking of wheat as it seeks to augment availability of these key staples and check rising food prices ahead of the general election next year. “The prevailing supply crunch in the market owing to the early depletion of stocks from the 2022-23 rabi season and estimated lower output …

Govt to reduce Bharat Atta price by ₹2/kg in festive sop
1 year, 2 months ago

Govt to reduce Bharat Atta price by ₹2/kg in festive sop

Live Mint  

The government plans to offload a quarter of a million tonnes of wheat into the country’s vast food distribution system and offer cut-price whole wheat flour made from it in the run-up to the last festival season of its term. “The Centre will offload 250,000 tonnes of wheat to Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India and the …

Paddy purchase declines as farmers hold back in run-up to elections
1 year, 2 months ago

Paddy purchase declines as farmers hold back in run-up to elections

Live Mint  

Government procurement of paddy has fallen as farmers hold back on selling their crop, hoping for sops ahead of Assembly elections in five states this year. The union government, through the federal Food Corporation of India and state agencies, has procured 14.7 million tonnes of paddy in the ongoing kharif marketing season that started on 1 October, as against 15.9 …

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister
1 year, 2 months ago

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister

The Hindu  

October 18, 2023 05:03 pm | Updated 05:39 pm IST - New Delhi Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing season. Currently, the MSP on wheat stands at ₹2,125 per quintal for the 2023-24 …

Basmati traders to go on strike as Centre keeps floor price unchanged
1 year, 2 months ago

Basmati traders to go on strike as Centre keeps floor price unchanged

Hindustan Times  

After the Union government refused to accept the demand of the rice exporters to bring down the minimum export price of aromatic long-grained basmati rice to US $ 850 per tonne from $1,200, the rice exporters and traders of Haryana have declared an indefinite strike from Sunday, following which they will not procure paddy from the farmers and mandis. The …

Domestic Open Markets | FCI in Tamil Nadu brings down wheat, rice prices again for e-auction
1 year, 3 months ago

Domestic Open Markets | FCI in Tamil Nadu brings down wheat, rice prices again for e-auction

The Hindu  

Food Corporation of India for the Tamil Nadu region plans to sell wheat starting at ₹21.25 against the market rate of ₹40-₹45 a kg in its upcoming e-auction on September 22. On Wednesday, the FCI’s regional general manager, reiterated their request for small-scale mill owners to take part in the auction as only 35% of the total wheat offered has …

Supply of wheat, rice, sugar and edible oils adequate; not to see upswing in prices in festival season, says Food Secretary
1 year, 3 months ago

Supply of wheat, rice, sugar and edible oils adequate; not to see upswing in prices in festival season, says Food Secretary

The Hindu  

Retail prices of key essential food items, especially wheat, rice, sugar, and edible oil prices, are unlikely to see any sharp upswing in the upcoming festival season as the country has adequate supply and the government is keeping a close vigil on hoarders, Food Secretary Sanjeev Chopra said on September 14. "So my analysis is that in the next upcoming …

Govt. limits wheat stocks to control price rise, hoarding
1 year, 3 months ago

Govt. limits wheat stocks to control price rise, hoarding

The Hindu  

Sensing an upward movement in wheat prices and fearing hoarding ahead of the festive season, the Centre has decided to reduce the stock limits of wheat for traders, wholesalers, retailers, big chain retailers and processors in all States and Union Territories. “Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no …

FCI to Sell Wheat, Rice in Open Market on Aug. 23
1 year, 4 months ago

FCI to Sell Wheat, Rice in Open Market on Aug. 23

Deccan Chronicle  

VIJAYAWADA: Food Corporation of India Vijayawada regional office general manager Chandra Shekhar Joshi said Government of India has decided to release FCI wheat and rice in open market under its Open Market Sale Scheme to stabilise retail prices of wheat / atta and rice throughout the country. Consequently, 25 lakh metric tonnes of rice and 50 lakh metric tonnes of …

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report
1 year, 4 months ago

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report

India TV News  

India is reportedly in talks with Russia to import 8 to 9 million tonnes of wheat to help reduce the prices of the commodity in the domestic market, reported TASS news agency citing The Economic Times. Despite India needing only 3 to 4 million metric tonnes of wheat to plug a shortfall, it is considering a bigger import to have …

India to offer 5 million tonne wheat to bulk consumers to cool prices
1 year, 5 months ago

India to offer 5 million tonne wheat to bulk consumers to cool prices

The Hindu  

India will provide 5 million metric tonne of wheat and 2.5 million tonne of rice to bulk consumers such as flour millers, as part of efforts to augment supplies and stabilise prices, a senior government official told reporters on Wednesday. The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise …

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise
1 year, 5 months ago

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise

India TV News  

As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise. "The government has decided to offload 50 lakh tonnes of wheat and 25 …

Tomato prices expected to fall after higher supplies from Maharashtra, Madhya Pradesh, says Centre
1 year, 5 months ago

Tomato prices expected to fall after higher supplies from Maharashtra, Madhya Pradesh, says Centre

The Hindu  

The government on July 21 said retail prices of tomatoes are expected to fall with a higher supply of new crops from Maharashtra and Madhya Pradesh. In a written reply to Rajya Sabha, Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey said, "Prices of tomato are expected to come down with the increase in the …

FCI reduces prices of wheat, rice sold through domestic open market scheme
1 year, 5 months ago

FCI reduces prices of wheat, rice sold through domestic open market scheme

The Hindu  

The Food Corporation of India has reduced the price of rice and wheat being tendered out under the open market sale scheme for registered bulk buyers. Fortified rice which was supplied at ₹34/kg is being made available at ₹31/kg and wheat at ₹21.50/kg instead of ₹22.50/kg, said Manjeev Kumar Goyal, Deputy General Manager, FCI in Chennai on July 13. Ravi …

Spiralling food prices: on the build-up of underlying inflation pressures
1 year, 6 months ago

Spiralling food prices: on the build-up of underlying inflation pressures

The Hindu  

Indian households find themselves yet again struggling to cope with a sharp surge in the prices of essential kitchen staples — ranging from tomatoes, onions and potatoes to tur dal and rice. Tomato prices have more than doubled month-on-month with the all-India average retail price as on June 29 soaring to ₹53.59 a kilogram, from ₹24.37 on May 29, data …

Govt agencies procure 56.04 lakh MT wheat from Haryana mandis
1 year, 8 months ago

Govt agencies procure 56.04 lakh MT wheat from Haryana mandis

Hindustan Times  

As the wheat harvesting nears end, the overall procurement in Haryana has reached 56.04 lakh metric tonnes against the target of 75 lakh MT fixed by the Food Corporation of India. Officials associated with the procurement operations said total 57.79 lakh MT wheat has reached the mandis of Haryana till Thursday evening and as the arrival has dipped to around …

Haryana set to miss its wheat procurement target this year
1 year, 8 months ago

Haryana set to miss its wheat procurement target this year

Hindustan Times  

Amid the Haryana government’s claims of a good yield despite unseasonal rains in the harvesting season, the state is set to miss its procurement target for the second consecutive year. As per figures, government agencies have so far procured 58.59 lakh MT wheat from 408 mandis and procurement centres of the Haryana till date. As per information, government agencies had …

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield
1 year, 10 months ago

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield

Hindustan Times  

The central government, aware of the high chances of heatwaves over food-bowl states and their potential impact on the wheat harvest, will get by with enough stock of rice and millets to meet the country’s food security needs, according to procurement plans put in place. The government aims to procure 34.1 million tonne of wheat at federally determined prices The …

Govt. to offload additional 20 lakh tonnes of wheat in open market to cut prices
1 year, 10 months ago

Govt. to offload additional 20 lakh tonnes of wheat in open market to cut prices

The Hindu  

The Centre on February 21 announced it will offload an additional 20 lakh tonnes of wheat in the open market to bring down the prices of wheat and wheat flour. On January 25, the Centre had announced sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check rise in prices of wheat and …

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices
1 year, 10 months ago

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices

India TV News  

In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor. "So far, 50 lakh tonnes of wheat have been decided to be offloaded under the OMSS. The reduction in reserve price along with additional offloading of 20 …

FCI to Offer 11.72 Lakh Tonnes Wheat Stock to Bulk Consumers in 3rd E-auction on Feb 22
1 year, 10 months ago

FCI to Offer 11.72 Lakh Tonnes Wheat Stock to Bulk Consumers in 3rd E-auction on Feb 22

News 18  

State-owned Food Corporation of India will offer 11.72 lakh tonnes of wheat to bulk consumers like flour millers during the third e-auction to be held next week, the food ministry said on Saturday. FCI plans to sell 25 lakh tonnes of wheat to bulk consumers under the Open Market Sale Scheme till March-end as part of the government’s measure to …

India likely to continue curbs on wheat, rice exports
1 year, 10 months ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas …

Centre may continue curbs on wheat export
1 year, 10 months ago

Centre may continue curbs on wheat export

Live Mint  

New Delhi: India may extend its ban on wheat exports beyond March and continue to curb shipments of non-premium rice to tamp down local prices while expanding purchases of cereal stocks that are at their lowest in five years, two people familiar with the development said. The government banned wheat export in May 2022 as shipments quickened due to the …

Costlier wheat hits staples; flour prices get 22% higher
1 year, 11 months ago

Costlier wheat hits staples; flour prices get 22% higher

Hindustan Times  

Wheat prices have remained stubbornly high in India, declining only marginally despite several measures undertaken by the government to cool prices, with a cascading effect on rates of wheat products from atta to biscuits and confectionary. Daily retail wheat flour prices on February 1 were 22% higher on an annualised basis, while wholesale prices leapt 31%, official data show. In …

Some good news on the agriculture front
1 year, 11 months ago

Some good news on the agriculture front

Hindustan Times  

After an unprecedented spring heatwave crimped production last year, India’s wheat yield in 2023 is likely to break a record and touch 112 million tonnes, this newspaper reported on Sunday, buoyed by good weather that pushed acreage under the staple crop to 34.1 million hectares, 12% higher than the five-year average. Officials from the agriculture ministry said that this was …

India to offer 3 million tonnes wheat to bulk consumers to cool prices
1 year, 11 months ago

India to offer 3 million tonnes wheat to bulk consumers to cool prices

Live Mint  

India will provide 3 million tonnes of wheat to bulk consumers such as flour millers, as part of efforts to bring down prices, which jumped to a record high on Wednesday, a government official told Reuters. "There's this consensus that bulk users will be allowed to buy up to 3 million tonnes of wheat from government stocks," said the official …

Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023
2 years ago

Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023

India TV News  

Rising retail prices: In an attempt to contain rising retail prices under the Open Market Sale Scheme, the Union government is planning to release 15-20 lakh tonnes of wheat from the Food Corporation of India stock for bulk consumers like flour millers in 2023. Under the OMSS policy, the government permits the state-run FCI to occasionally sell foodgrains, particularly wheat …

India set to offer wheat to flour millers, biscuit makers to tame prices
2 years ago

India set to offer wheat to flour millers, biscuit makers to tame prices

Live Mint  

India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years. As open market prices rose above the rate at which the government buys …

After 18 months, Wholesale inflation slipped below 10% in October
2 years, 1 month ago

After 18 months, Wholesale inflation slipped below 10% in October

The Hindu  

India’s wholesale price inflation slipped below 10% for the first time in 19 months this October, when it eased to 8.4% to 10.7% in September, thanks to base effects and cooling commodity prices. Wholesale food price inflation eased further in October to 6.5% from 8.1% in September while inflation in manufactured goods dropped to 4.4% from 6.3% a month earlier. …

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