
An ET analysis finds protein inflation in India reached 5.3% in June, up from 2.6% in January, as heatwaves and higher animal feed costs pushed up chicken, milk and egg prices. Vegetarian protein inflation also rose to 3.5% in June.
Higher animal feed costs are feeding through into dairy and poultry retail prices, reflecting firm feed input demand and a tightening protein supply in India.
After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.
Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.