Indian Marketplace Price Change- Grain
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by India101
There has been a change in price of grain in the Indian marketplace. Grain which originally costed 0.13 INR is now selling for 0.12 INR. This 0.01 INR makes a HUGE difference to the food industry that requires mass amounts of grain daily. We have today our Economic correspondent who is also our editor. India101 will be sharing with us what he thinks that this will do to the Indian Economy.
“The Dramatic Price Change in grain has just lead an ever expanding food industry into a new era. This is what many have been waiting for. There was a chain shout that was saying to sell grain at 0.12 INR. Whether that played a key role in that only the grain companies know. But what we do know is that this has changed both the food market and the grain market. Personally, I think that this will lead to the creation of more jobs in the food industry as the demand for grain will rise, due to the low price. Food companies are sure to take advantage of this low price. I believe that we should see a positive effect in the economy in the next 2 weeks due to this price change. It takes time for word to get out that grain is low and employment is never an issue in India. I mean with a 15.35 INR average salary, China’s average salary is 9.38 CNY. and USA’s average salary is 14.64 USD. [as of Jan.12 18:54] Thats not even including other key factors such as inflation. I conclude in saying that India is entering a new era in the economic sector.”
We have heard India101’s statement. Why don’t we hear yours? Comment below with what you think. Will this make a positive or negative effect on the economy?
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Mate if you are to compare salary, do so as the the gold index. Like Indian salary is 0.27g, 0.18g, 0.29g. Also what is the basis of the 'average'?
Otherwise good article.
Cheers
I welcome the move from grain companies (honestly there wasn't much of a choice, but none the less).. Still our cost of grain is pretty high, Apart from that 0.01inr decrease in grain price, we face about 0.2inr per piece per quality, decrease in the price of food, which is way beyond the production cost... No Indian company at the moment, at least, can offer food at 1 INR per quality (Unless they have made special arrangements by hiring people ready to work at almost nothing)... So I would say our very own companies will soon shut down..
have you taken wages in terms of your work skill? And the wages might be low in other countries coz of a stronger mm
@mav- average salaries are off of the country pages of each of the countries
@touchofevil- My freind check the market as the price has changed to 0.96 for Q1 food
@timeberjack- No i have taken wages from country stats pages of each of the countries. Also yes it may be low due to mm but i have mentioned above that I haven't factored in the mm.
@ India101 :: Thats what am talking about 😃 0.96inr for Q1 is as good as impossible... We can not provide decent salaries if we are to sell at this rate..
Meanwhile grain is down to 0.11inr
I would expect prices for *all goods* to be falling globally, given the latest economic changes. Global production is significantly increased now that company owners can work a number of times per day, and as Econ 101 tells us, if supply goes up and demand stays the same, prices will fall.