Brief by Shorts91 Newsdesk / 12:04pm on 31 Aug 2023,Thursday India
Erratic climate conditions have driven food prices up over 11% in India, a major player in global agri-trade. Tomato prices cooled as onions rose 25% since June, and pulses, essential for dal, are 20% pricier than in January. With a regular vegetarian meal's cost rising by a third in July alone, the Indian government intervened to curb inflation. Bans on wheat and non-basmati white rice exports were imposed, and a 40% duty on onions. There's potential for further measures. India's food inflation could affect global markets, particularly rice, sugar, and onions, impacting food security in vulnerable areas.
