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Recently, Union Minister Faggansingh Kulaste who stopped in Seoni to eat corn during his visit to Mandla was shocked to hear corn was worth Rs 15.
Ingredion has rightfully been repriced, but is probably at fair value again. Read what investors should know about INGR and corn inflation.
Corn prices have been steadily increasing over the past year, rising more than 50 percent in 2021 alone. Corn is now worth $7.50 a bushel, its highest price tag since 2012. Corn, the biggest cash [...]
The Bloomberg Commodity Spot Index, which tracks prices for 23 raw materials, rose 0.8% Tuesday to its highest since 2011.
A push higher in food prices is to be expected as developed countries start returning to normal after a year of pandemic.