The battle of Russia and Ukraine (Russia-Ukraine War) is taking place hundreds of miles away from India. But, it is affecting you too. Wherever the battle is fought in the world today, it is impossible for you to escape from its effects. Let us know how Russia-Ukraine war is affecting you.
A farmer from Haryana went to the market near him on Wednesday. He needs fertilizers for his crop. When he asked the shopkeeper for the price, he was surprised. Potash has become costlier by 65 per cent in just one month. He does not understand the reason for such a jump in the price. The shopkeeper understands the confusion of the farmer. Then, he calls the battle of Russia-Ukraine.
We have just given you the example of potash. After the start of the war between Russia and Ukraine, there has been a huge jump in the prices of many commodities, including fertilizers. There has been a huge increase in the prices of those things which have connections with Russia. Russia is a major supplier of fertilizers. Fertilizer exports from Russia have been closed since the start of the war. India is completely dependent on Russia and Ukraine for its potash requirement.
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Even in Tamil Nadu, hundreds of miles away from Haryana, farmers are shocked by the jump in prices. Chicken feed prices have increased by 20 per cent this year. This has a direct impact on the poultry industry. India imports de-oiled cakes. It is used for chicken feed.
The price of maize has increased by more than 20 percent. India does not import maize. India is a major producer of maize. Despite being self-sufficient in its production, we are finding it difficult. This is because Ukraine is also a big producer of maize. Due to the war, he is not able to export maize. Because of this, its global supply has decreased. This has increased the demand for Indian maize. This has had an effect on prices. The price of maize has increased from Rs 21,000 to Rs 25,000 per tonne.
Edible oil prices are sky high ahead of the festival. Especially there is a huge jump in the price of sunflower oil. A month ago its price was Rs 130 per liter. Now it has reached Rs 170 per liter. The reason for the 20% jump in prices is also the Russia-Ukraine war. India imports 90% of sunflower oil from Russia and Ukraine. Due to the fight, the supply is cut off.
Here we have told you about just a few things. There are many things whose prices have skyrocketed. Crude is an example of this. A jump in these things will have an effect on the inflation rate. The rate of inflation is higher than before the start of the Russo-Ukraine war. Now with things getting more expensive, the difficulties of the common man are sure to increase.
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