← Top stories
Policy● Neutral for Indian equities
Centre expands subsidized onion sales to small towns as retail prices double from last year
The brief
- Government is shipping buffer-stock onions to district markets and small towns
- Retail onion prices have doubled from last year
- Lower onion prices may ease food inflation, benefiting Indian consumers and FMCG companies
- Import duty cut on sunflower oil has a significant Russian backdrop
- Triple shock rattles India’s FMCG basket as 68% of categories lose volume
- Macro headwinds, rising input costs impact FMCG volumes in June quarter: NIQ
- India cuts edible-oil import duties ahead of festivals
- Edible oil duty cut may put 8% retail price hikes on hold