Cereal Prices

Prices of cereals are unlikely to rise further as witnessed in the recent past but may remain elevated well into the next fiscal due to vagaries of climate change, strong global and domestic demand, rating agency Crisil said. Domestic production of cereals has grown consistently in the past 50 years. However, prices of cereals have risen faster. The weighted average crop price index for cereal crops logged 3-4 per cent CAGR (Compounded Annual Growth Rate) over fiscals 2017-2022, it said in a report. Even in the current fiscal, prices of cereals have risen significantly on-year in the first nine months -- of wheat and paddy by 8-11 per cent and of maize, jowar and bajra by 27-31 per cent, it added. "....the price sentiment for cereal crops is expected to be strong in absolute terms," Crisil said. Anticipation of higher production of wheat in current rabi season is expected to improve the stock condition, which may put downward pressure on prices, though heatwaves remain a key ...

The subcategory of Muesli has emerged as one of the fastest growing segments in the market with 16-18%CAGR. Muesli constitutes around 15% of the BFC category

There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India

In case of paddy, patchy monsoon since the start of June over the main paddy growing regions of UP, Bihar, Jharkhand, West Bengal and Odisha has pulled down acreage

The country's cereals exports have increased by about 53 per cent to Rs 49,832 cr during April-December 2020 on an year-on-year basis

It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly

Food supply chains will get disrupted globally, the study warns. Report to be officially released in August

FAO food price index up on expected decline in global wheat output