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Hyderabad Essential Commodities Set For Price Hike

09 March 2010

INDIA - Essential commodities in the Hyderabad region of India are set to increase in price after food grain production from the kharif (autumn)crops has dropped far below expectations, it has been reported.

The Times of India claimed that the rabi (spring) crops in the area do not hold better hopes either.

It revealed that food grains from the kharif crop have entered the market and will remain there until the end of March.

An official source told The Times of India: "Because of the kharif crop, the prices of some essential commodities have fallen to a certain extent. But with the yield being far from the estimates, the prices will shoot up again by April."

Information from the department of agriculture production in India indicated there was no crop which was not affected by adverse seasonal conditions.

Elsewhere in India, the Financial Express recently reported that the government is planning to export wheat and some varieties of rice to clear overstocked inventories.

TheCropSite News Desk



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