India to import wheat, sugar to stem prices rises
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India has halted the export of lentils and allowed private companies to import wheat and sugar to offset a steep rise in food prices, the finance minister said.
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The purchase of Wild Oats Markets by Whole Foods Market would lead to increased prices, the Federal Trade Commission has said.
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Last month, wholesale prices posted their biggest increase in 14 years, the Labor Dept. reported on Nov. 16. The Producer Price Index, a gauge of prices received by farms, factories, and refineries, rose 1.7%, nearly twice as high as forecasted.
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China's cabinet says it will temporarily intervene in the market to curb rampant food and fuel price rises.
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BEIJING - China has purchased 700,000 tons of French wheat at a price of 150 million dollars, the head of a French grain promotion group said in Beijing.
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The company said it was able to raise prices and improve productivity, which helped offset soaring costs for commodities like grains and cooking oils.
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New Delhi: India and Germany have put trade firmly on top of the agenda for this week's visit by Chancellor Gerhard Schroeder in a bid to beat last year's five billion euro (6.16 billion dollars) record ...
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India's inflation jumped to a two-year high of 6.73 percent, prompting the government to slash diesel and petrol prices and raise expectations of more rate hikes to stabilise prices.
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NEW DELHI: India&#39;s merchandise exports in November 2004 have registered a record increase of 26% over the same month last year.
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Caviar prices are set to rise after major producers of the luxury sturgeon roe delicacy agree to slash exports.
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India's central bank raises its main interest rate to a near four-year high in an attempt to curb inflation.
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As from Monday the price of large loaves of Maltese bread rose by 2c, while that of small ones went up by 1c, as the bakers' market once regulated by a price order will be liberalised early next month.
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Wholesale prices, pushed by sharply higher energy and food costs, soared by 1.7 percent in October, the largest increase since early 1990.
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U.S. consumers will see higher grocery bills this year thanks to a surge in wholesale corn prices, pushed higher by an ethanol fuel boom, that will be passed on by food manufacturers, the industry said on Wednesday.
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The rise of the Indian rupee against the U.S. dollar is affecting Indian outsourcers.
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Investment bank Goldman Sachs  has raised its outlook for Chicago wheat futures by 47 percent to $13.50 a bushel after the U.S. Department of Agriculture cut projected 2007/08 U.S. wheat ending stocks.
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Australian wheat growers have made their biggest wheat sale to China in more than a decade. The Australian Wheat Board will supply China with 1.5 million tonnes of wheat, with an estimated value of around $US156 million.