1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway 2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

Yet another news of price hike; breads, biscuits, rotis to get costlier

food-price-hike-thefreemedia
Spread the love

Nagpur: Bread, biscuits, and rotis are all likely to see price increases. The Food Corporation of India (FCI) occasionally sells wheat under the OMSS (open market sale scheme) to improve the supply of foodgrains, primarily wheat.

According to data reported by state civil supplies departments to the Union Ministry of Consumer Affairs, Food and Public Distribution, the all-India average retail price of wheat flour was Rs 32.78 per kg on Saturday, 9.15 percent higher than the price (30.03 per kg) a year ago.

In terms of four metro cities, Mumbai had the highest average retail price of wheat flour at Rs 49 per kg, followed by Chennai (Rs 34 per kg), Kolkata (Rs 29 per kg), and Delhi (Rs 29 per kg) (Rs 27 per kg).

Claim Free Bets

In the fiscal year 2021-22, the wheat processing industry obtained seven million tonnes of the foodgrain from the government. If the government does not declare the continuation of the OMSS policy, industry will be forced to buy 100 percent wheat on the open market this year.

Yes, it’s terrible; inflation in March increased primarily due to an increase in food prices. The monthly rate of inflation was 7.68 percent, up from 5.85 percent in February.

Food inflation increased to 7.68 percent in March, up from 5.85 percent the previous month. The increase in the food basket was caused by a sharp increase in oil and fat prices, which increased 18.79 percent year on year in March.

    NISHA HIRANI

    NISHA HIRANI

    All Posts

    Related Post

    View All

    NCP, Sena join hands for Goa Assembly polls

    January 17th, 2022 | DRISHTI SHARMA

    Spread the loveNagpur: The Shiv Sena and the Nationalist Congress Party (NCP) have decided to contest the Goa assembly ele...

    BHU researchers claim key finding in Zika virus trea...

    November 8th, 2021 | THE FREE MEDIA

    Spread the loveResearchers at the molecular biology unit of the Institute of Medical Sciences in Banaras Hindu University ...

    AY.4.2 variant not of concern in India at this time,...

    November 8th, 2021 | THE FREE MEDIA

    Spread the loveCovid-19’s AY.4.2 variant is less than 0.1 per cent of all variants of concern and variant of interes...