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FAO FOOD PRICE INDEX RISES AMID GROWING GLOBAL SUPPLY RISKS WHY IN THE NEWS? Global food prices rose in August to their highest level since late 2022, according to the FAO Food Price Index. The increase reflects growing concerns over extreme weather, geopolitical conflicts, disrupted trade routes and agricultural supply risks. Higher prices of cereals, …
Read MoreSyllabus: GS-3-Inflation , rising food prices, Indian economy and its impact Focus : Prime Minister Narendra Modi’s assertion of lower inflation since 2014 is accompanied by the complexities of India’s economic trajectory post-2014. Source- GoI analysis Introduction: Prime Minister Narendra Modi’s assertion of lower inflation since 2014 is accompanied by the complexities of India’s economic …
Read MoreWhy in the news? Underpriced Indian onion exports to UAE amid a ban raise concerns about pricing fairness and windfall profits for importers. Source:medium Understanding the Traders’ Concerns Over Onion Exports to UAE: Underpriced Exports: Amid a ban on onion exports, the Indian government permitted shipments to the UAE. Traders allege that the selling price …
Read MoreWhy in the news? World food prices rebounded in March, driven by increases in vegetable oils, dairy, and meat, after a three-year low source:worldagrotv Understanding FAO Report: Monthly Price Increases: Vegetable Oil Index: Saw an 8% increase. Dairy Index: Showed a rise. Meat Index: Also experienced a boost. Monthly Price Fall: Milk: Dropped by 1.7%. …
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