The government says milk procurement, processing, and supply across India have stayed uninterrupted during the ongoing West Asia crisis. Officials report milk and milk product prices are stable, with no market supply disruptions. They also say payments to dairy farmers have continued throughout the crisis period, including during an inter-ministerial briefing.
Top-quality Kashmir saffron is now selling at about INR4,950 per 10g—far above silver varq, which is roughly INR800 for the same quantity. Gold leaf remains pricey too, but saffron’s climb is sharper, reaching INR4.9 lakh per kilogram after its geographical indication tag boosted perceived origin and quality.
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India is facing a lingering cooking gas shortage as refineries ramp up production and fresh global supplies are sourced, including cargoes from the US. Authorities are urging households to shift to piped gas while tackling hoarding and price gouging. The disruption is already driving price hikes and pressuring businesses across the supply chain.
An Iran-linked price shock is set to ripple into everyday essentials, pushing up costs for cleaning supplies, tires, and even animal feed. European chemical manufacturers, including BASF and Lanxess, are reportedly raising prices sharply, which could translate into higher bills for businesses and consumers as supply chains adjust.
Experts warn that disruptions from the Iran conflict could take months for global pharmaceutical supply chains to stabilise. Active pharmaceutical ingredients, the key raw materials used to manufacture medicines, are expected to see only gradual relief. The delayed recovery may contribute to longer-lasting cost pressures across the medicines ecosystem, depending on how quickly routes, contracts, and inventories normalise.
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