Eggs, chicken flying off plates on cost
- If Pakistan has sympathy for Kashmiri youth, they shouldn’t provoke them to attack army camps: Mehbooba Mufti
- Dhaka cafe attack mastermind, 2 others killed in police encounter
- Rio 2016 review: What they did at home, what in Olympics
- Buzz of change in Maldives, Mohammed Nasheed flies secretly to Lanka
- Kashmir: Police constable shot dead by terrorists
Eggs and chicken are likely to cost more in the coming months following 69 percent jump in poultry feed prices this year due to lack of rainfall and higher global rates.
Average prices of poultry feed consisting of oilseed cakes, rice bran, grounded maize and soya-rose by 69 percent year-on-year in July, up from 18 per cent in June, due to lack of rainfall and higher global prices.
Feed is a key input in poultry farming and this sharp price increase suggests that cost of eggs and chicken (protein food items) may rise sharply in coming months, research firm Nomura said in its report here.
If farmers choose to substitute poultry feed with cereals then prices for cereals could rise as well, it said.
Rising feed prices are an early indicator of the potential impact that the deficient monsoons could have on food prices.
As delayed monsoons hurt production of vegetables, cereal and oilseeds, we expect wholesale price index (WPI) food (primary and manufactured) inflation, which is currently 9 percent y-o-y, to rise into double digits in the coming months. This will keep both WPI and consumer price index (CPI) inflation elevated above the central bank's comfort zone, the report said.
- Dalits are angry about the hollowness of the current hyper-nationalism
- Atal Bihari Vajpayee’s slogan of 'insaniyat, Kashmiriat' has no meaning today
- Kejriwal’s attention is fixed on winning the Centre rather than making mohallas run better
- Inside Track: Turf tussle
- In Kashmir, so-called solutions are riddled with contradictions and divisions
- Why personal, social and political self-identification of Dalits must count more than legal nomenclature.