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Monday, January 11, 2010

Food prices likely to come down - trade minister

Food prices are likely to come down due to good winter crop prospects and there was no need to import wheat and rice, trade minister Anand Sharma said on Monday.

"We don't have a situation of India needing to import wheat and rice. With good prospects of rabi (winter-sown crops) we are hopeful of food prices coming down," Sharma said.

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GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 03
19:30 ISM Services Prices Paid 2 67.5 68.7
19:30 ISM Services Employment Index 2 47.2 50.7
20:00 EIA Natural Gas Storage Change 1 55B 48B 96B
20:30 Fed's Bostic speech 2
21:00 4-Week Bill Auction 1 4.24% 4.00%
22:30 Baker Hughes US Oil Rig Count 1 432
Friday, Jul 04
24h Independence Day 0
11:15 Unemployment Rate s.a (MoM) 1 2.9%
14:00 S&P Global Construction PMI 1 48.5 47.9
20:30 BoE's Taylor speech 2
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