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Market move● Neutral for Indian equities
Protein boom pushes whey prices higher as India relies on imports
The brief
- India produces nearly a quarter of the world's milk but makes relatively little cheese, a source of whey protein
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
- India’s kharif crops output may be lower, crops in winter season also at risk in rainfed areas
- Food companies challenge FSSAI red warning labels in Supreme Court
- Import duty cut on sunflower oil has a significant Russian backdrop
- Triple shock rattles India’s FMCG basket as 68% of categories lose volume