World Demand for Indian Wheat - Golden Chance to Exporters
- Commodity Current - Jayavadan Gandhi - Possibility of correction in spice items due to income pressure Nowadays the Holi festival is coming with the echo of Russia-Ukraine war. Inflation in Indian markets is at an all-time high, with petrol-diesel as well as most commodities including gold-silver and spices, oilseeds, pulses on the rise. The atmosphere is heating up, especially in edible oils and spices. In the last fortnight, prices of edible oils have gone up by Rs 10 to Rs 15 per liter and spices by Rs 20 to Rs 5 per kg. The same is true of beans. From 5 to 20 in the last week of February. Turmeric- Coriander has gone up by Rs 20 and chilli by Rs 15 per kg. Rayda oil prices are at a high of Rs 15-150 and refined oil is hovering around Rs 150-14. Edible oils are yet to become self-sufficient. At present 30 to 5 quantity of edible oil depends on imports. Apart from palm oil, other refined oils are mostly imported from Argentina, Brazil and Ukraine while palm oil is imported from...