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The Food and Agriculture Organization’s (FAO’s) monthly Food Price Index fell by 1.33% in June, over May. This reversed an iencrease seen for four straight months. It had dipped by 0.4% in January. Photo: Bloomberg In India, the government’s decision to hike minimum support prices (MSPs) has raised the prospect of higher food inflation. But global food inflation...

Minimum support prices (MSPs) of most kharif crops have been raised sharply for the 2018-19 season. Graphic: Mint Will the sharp increase in the minimum...