Pocket pinch: Rising millet prices may raise cost of packaged food
Millet prices are increasing as farmers plant less of these nutritious grains. Lower planting this year could further tighten supplies and raise food costs. Jowar prices saw an 11% year-on-year increase in July, while small millets rose over 21%. Inflation in ready-made food products also climbed to nine percent. Wholesale prices for jowar and ragi indicate higher input costs for manufacturers.