Commodity spike may rob companies of pricing power in H2: Experts
Crude oil prices rose sharply to $85.3 per barrel in the July-September period from $76.6 per barrel in the previous quarter, according to data released by the World Bank. Groundnut oil was up 6% sequentially during the same period, whereas soybean oil was up 11% from the previous quarter. Rice prices were higher by almost $100 to around $600 per metric tonne.
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