High food prices put populism on India’s table

Pressure is mounting in Indian kitchens as food prices, including tomatoes, onions, and potatoes, soar ahead of upcoming state and national elections, prompting potential fiscal populism measures from Prime Minister Narendra Modi's ruling party to mitigate the situation.

reuters.com

Relevant topic timeline:

8/21/2023

Majid Al Futtaim Group sees promising growth prospects in Saudi

India's decision to impose a 40 percent export duty on onions may exacerbate food inflation in Gulf Cooperation Council (GCC) countries and disrupt supply chains, potentially leading to shortages and price fluctuations. However, the impact is expected to be temporary, and other onion-producing nations may respond to the higher prices by increasing their supplies. GCC countries may need to consider diversifying their sourcing of onions and bolstering domestic cultivation to mitigate future vulnerabilities.

8/25/2023

India's food price surge forces government measures to improve supplies

India is facing a rise in food prices due to uneven and scanty rain, prompting the government to take measures to boost supplies and ease inflationary pressures.

8/28/2023

India’s surging food prices are a problem not just for India

The Indian government's efforts to control food prices, such as imposing taxes and export bans, may help contain inflation domestically but could lead to higher prices globally, particularly for rice, affecting countries that rely on food imports.

8/30/2023

Is India exporting food inflation to the world?

Erratic climate conditions in India, including a dry August, have led to a significant increase in food prices, with onions alone becoming 25% more expensive since June, causing concern about global food inflation as India is a major exporter of rice, sugar, and onions and is a key supplier to many Asian and African countries.

Topics

Posted 8/22/2023, 6:59:44 AM