11.02.2015 - Decline in commodity prices not benefiting the end-users
The sharp fall in commodity prices over the past few months is not benefiting end-users. While the Indian basket crude oil prices have plunged 29.5% between October and December, retail petrol prices dropped just by over 6.5% for the period. Despite the revision in petrol and diesel prices early this month, they have not kept pace with the fall in crude prices. Ditto with other commodities as well. Cotton prices have declined nearly 10% since October but yarn prices have not dropped at the same rate. While woven yarn prices have dropped only marginally, hosiery yarn prices have declined by only 4.7% since October, data with the union textiles ministry showed...............................................Full Article: Source
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