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Market move● Neutral for Indian equities
Global Food Prices Rise as Cereal and Sugar Costs Surge, UN Says
The brief
- Transport disruptions and weather concerns have constrained supplies and lifted crop-based commodity prices
- Higher food costs may pressure Indian consumers and food companies’ margins
- Ethanol blending does not damage vehicles, diversifies agri sector: Gadkari
- Automakers welcome CAFE-III rules; Citi favours Maruti, M&M and Hyundai
- 3X credits for range-extender EVs, ethanol benefits for hybrids: CAFE-III expands compliance options
- El Nino To Hit Pulses, Sugarcane, Oilseeds; Not A Food Security Risk Yet, Says Expert
- Gadkari says ethanol can lift farm incomes and cut fuel imports