Market move● Neutral for Indian equities
Rising dry-fruit prices push consumers towards cashews
The brief
- Lower output and higher freight rates have pushed up dry-fruit prices
- Consumers are shifting towards cashews as pistachio and almond prices rise
- Higher dry-fruit costs could pressure Indian retailers and packaged-food companies’ margins
- Fertiliser prices, Hormuz disruption threaten global food security: Nirmala Sitharaman
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- India weighs lower pulse import duties to curb food inflation
- India steps up palm oil buying after import-duty cut spurs restocking
- The Biggest Jump in Global Crop Prices Since 2022 Threatens to Boost Inflation