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Food Inflation Dropped And Fasting Is Over, Effect On Agric Market

Fasting is over

What can we expect in the agric market

The bear is finally coming out even as the inflation figure is out, and with fasting done, this be it


AGRIC PRODUCE OVERVIEW

Food inflation has now dropped in 19 months by 0.23 to 22.72% can this be the bearish sign we await.


Many may feel this drop is not significant but mind you that is the April figure, and the market is not in the past, but looking at the period of increase, it can be the awaited signal. Then today market fasting is done, let see more of this.


Many of the country’s grains come from the north, where many of the population is Muslims, the fasting which will have to dampen labour and reduce the distribution of food could just be over and with increase farming, labour, and logistics. We can start to see a more competitive and drastic drop in some prices, hence the letter in the picture above.


Product update;

Let us start as usual the

https://mailchi.mp/58cf1f485ce4/fasting-and-inflation

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