The Policy Monitor
Reliance Industries (RIL), Future Retail and Amazon have been embroiled in an unyielding corporate struggle for over two years now. The dynamically changing developments afflicting this saga indicate just how large the stakes are in this game with each party trying to take the biggest bite out of the pie that is the Indian retail segment.
As much as it sounds like opportunism, a diligent intervention to shore up international food supplies is far from an opportunistic gambit from India’s perspective and, even farther away from war profiteering. The CMI benchmark for wheat prices has risen by >50% since the Russian invasion began with global wheat prices touching $14 a bushel (approximately 30 kg).