Pulses, edible oils may get expensive, cereals may get cheaper, here’s why

The prices of cereals may soften going forward on the back of bumper foodgrains production in 2020-21. 

Mumbai: The demand-supply imbalances may continue to exert pressure on food items such as pulses and edible oils, the Reserve Bank of India (RBI) said in its Annual Report on Thursday.  However, the prices of cereals may soften going forward on the back of bumper foodgrains production in 2020-21, according to the report.  The apex bank expects the global crude oil prices to remain volatile in the near term. The gap between the Wholesale Price Index (WPI)- and Consumer Price Index (CPI)-based inflations reflected the behaviour of food inflation, the report said.