Consumers should stay themselves for difficult times ahead, as Indonesia- India’s major source of palm oil imports banned exports of all edible oil raw materials on Friday to ease domestic insufficiency. India imports as much as half of its demand of 8.3 mt palm oil from Indonesia. This is expected to shoot up prices in…
Inflation based on Wholesale Price Index (WPI) increased to a four month high of 14.55 % in March, mirroring a broad-based spike in global commodity prices, especially oil in the wake of the Russia-Ukraine crisis, showed official data released on Monday. There was some softening in food articles month-on-month led by vegetables and pulses, though…
The U.S. The benchmark 10-year Treasury yield and the dollar were lower in the U.S. at the end of the week. Gold fell in Asia on Tuesday morning, shortly before inflation data. Gold futures were down 0.04% at 8,836.85 Until high inflation, wage increases, and strong employment rates create an average of 1 million jobs,…
