Published By: Business Desk
Last Updated: October 19, 2023, 16:38 IST
The RBI raised its inflation forecast for the current financial year to 5.4% from 5.1% earlier citing food prices. Vegetable inflation rose by 37.34% on the back of rising prices for commonly used vegetables, including tomatoes, onions, peas, brinjal, garlic, and ginger. (Representational image)
Food prices are likely to remain stable during the next couple of months
India’s food prices are likely to remain stable during the next couple of months, its food secretary told reporters at a briefing on Thursday.
At the same event, the secretary said the South Asian nation’s sugar stocks stood at 5.7 million tonnes as of Oct. 1.
Earlier this week, India, the world’s second biggest producer of sugar, extended its restriction on sugar exports beyond October.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
