India's wholesale prices rose by a slower-than-expected 7.25% in June, according to official government data.
The measure, India's main index of inflation, fell from 7.55% in May despite higher food prices.
Food inflation remains stubbornly high, accelerating slightly to 10.81% compared with 10.74% in April.
However, fuel prices rose at the slower rate of 10.27% in June, down from 11.53% in May due to the fall in world oil prices.
Rate cut?India's economy has slowed sharply in recent months. Economic growth, as measured by Gross Domestic Product, fell to a nine-year low of 5.3% in the three months to March.
That has prompted calls for the Reserve Bank of India (RBI) to reduce the cost of borrowing for firms and households to free up money for spending and investment.
In April, the RBI cut its key interest rate by 0.5% to 8%, but warned that any further reductions in the cost of borrowing would depend on the inflation rate as measured by the Wholesale Price Index.
Analysts were split over whether the latest inflation figures suggested further rate cuts were on the cards.
"The unexpected slowdown of inflation is fantastic news, despite the still elevated level: it opens the door for a rate cut already in July, and we expect a 25 basis points move at the RBI meeting at the end of the month," said Darius Kowalczyk, an economist at Credit Agricole CIB.
But, Sujan Hazra, chief economist at Anand Rathi Securities, disagreed. "Despite the unexpectedly low number, the headline inflation is way above the Reserve Bank of India's comfort zone. Hence, the case for easing of monetary policy is not there."
The RBI will announce its latest interest rate decision at the end of this month.
Leicestershire farmers in Asda supermarket protest at milk prices - Leicester Mercury
Leicestershire dairy farmers held a protest at the weekend to let supermarket shoppers know what low milk prices were doing to their livelihood.
About a dozen Leicestershire farmers were outside Asda, at Thurmaston Shopping Centre, on Saturday to hand out leaflets.
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Asda Thurmaston where farmers where protesting
It comes after price cuts were announced last week by leading processors Arla Foods UK, Robert Wiseman Dairies and Dairy Crest.
Brian Dalby, who farms near Lutterworth, said: "It went very well and we got quite a good response from the general public.
"We're explaining to them that without regulated prices for milk, the big processing companies are lowering the price and it no longer makes us a real profit.
"The processing companies are doing it to get the lowest prices for the supermarkets. We want to tell the public about the affect it has on us."
The farmers said they currently receive about 24p for every litre of milk, following a 2p cut in May. The farmers say they need 30p a litre to make milk production worthwhile.
Peter Parsons, who farms at Walton, near Lutterworth, said the number of dairy farms in the UK had dropped from about 13,000 to about 11,000 in the past 15 years.
He said: "The supermarkets are king at the moment and the industry is shrinking as a result."
Asda has said it is in discussions with farmers who supply its milk, but that it pays a premium above Arla's base price, which benefits farmers who supply the milk.
The cuts do not affect farmers who supply Tesco, Sainsbury's, Marks & Spencer or Waitrose. They are paid directly.
Xanthe Clay's shopping lesson in Ludlow - Daily Telegraph
But while there is no legal definition of a farm shop (for a while my local city greengrocer sported a sign declaring itself to be one), surely to be worthy of the name they should sell own-grown food? Otherwise they are just shops on farms.
The National Farmers’ Retail and Markets Association, Farma, agrees. The body behind the massively successful (and now sadly diluted) farmers’ markets movement launched an accreditation scheme two years ago called Genuine, Own and Local – or Goal – for “real” farm shops. It hasn’t taken the countryside by storm, perhaps because the kind of shops they were aiming to promote have relatively small turnovers and baulk at the £300 annual fee. Farma is currently considering a relaunch.
In the meantime, some enterprising farmers and retailers have come up with an alternative. Called food halls or food centres, these outlets are large and well-stocked enough to do your weekly shop. Most of what they sell comes from local producers. But what they don’t pretend to be is a farm shop.
Take the aforementioned Ludlow Food Centre (LFC). Set up in 2007 as an outlet for the Earl of Plymouth’s estate, it is a model for large local food shops. All the meat comes from the estate, and the abattoir is nearby so that the animals are reared, slaughtered, butchered, hung and sold within a 10-mile radius: ideal both for the welfare of the beasts and the quality of the meat. As well as butter, much of the cheese is made in-house and some of the fruit and vegetables are sourced from the Plymouth family’s walled garden. Half of what is sold (by value) is from the estate. A further 30 per cent is from the four counties which the LFC regards as its locality – Shropshire, Herefordshire, Powys and Worcestershire. Edward Berry, the schoolmasterish shop manager, explained to me: “Round here, going local is not a challenge.”
The area is rich in arable and animal farming, and with a strong food heritage of its own. There are fidget pies in the chill counter and, by the time of the Ludlow Food Festival in September, there will be wimberries (wild blueberries) and the first of the Shropshire prunes — not a dried fruit but a variety of fresh damson.
The final 20 per cent of the shop’s turnover comes from the rest of Britain and abroad. Berry is unapologetic. “We have to push the boundaries. When it comes to an ingredient like a lemon, I’d rather you bought it here.” In fact, the shop’s beechwood carousels (made from estate trees) are stocked with imported parsnips, apples and radishes as well as Shropshire rhubarb and cabbages. But everything is clearly labelled as to provenance – and an impressive amount does come from nearby.
Transparency, literally as well as figuratively, is all: plate glass panels in the walls of the shopping area give peeks into the production rooms that edge the building. In a gastronomic version of Play School, through the first window I could see Dudley the cheese maker adding rennet to the vat of milk. They make seven different kinds of cheese, including the only true Shropshire blue made in the county, and a Stilton-style cheese called Remembered Hills in reference to A E Housman’s “blue remembered hills” from A Shropshire Lad.
In the butcher’s cold room there are freshly killed pigs from the estate’s herd of Gloucester Old Spots and massive sides of beef, ageing the proper way, hanging on the bone, rather than divided into cuts and sitting in vacuum packs. It’s more expensive this way, but the flavour is much finer.
The delights go on. There’s the baker, a kitchen for ready meals, a jam and chutney room and a coffee roaster — beans are bought in raw and roasted on site, in keeping with the connoisseurs’ mantra that coffee should be consumed as soon as possible after roasting, not left sitting on a supermarket shelf.
I left with a flatiron steak, a thin, flavoursome piece of beef cut from below the shoulder blade, costing less than £2. If only all farm shops were like this. Except of course, it’s not a farm shop.
Ludlow Food Festival, Sept 7-9, foodfestival.co.uk
ludlowfoodcentre.co.uk
Xanthe will be demonstrating recipes from her new book The Contented Cook at the Foodies’ Festival, Bristol, today at 1pm, foodiesfestival.com
Bodnant Welsh Food Centre
A new venture, just by the famous Bodnant Gardens in the Conwy Valley, opened by the Prince of Wales this month. Based in 18th-century farm buildings on Furnace Farm (which they do call a farm shop), 75 per cent of the food they sell is Welsh. They produce their own hams, do their own butchery and make ready meals, ice cream, butter and cream on site.
bodnant-welshfood.co.uk
Fodder
On the outskirts of Harrogate, this airy food hall and café is run by the Yorkshire Agricultural Society, and 85 per cent of what they sell is from Yorkshire and Humber. All profits are reinvested in projects to benefit the rural community, and the policy is to keep food affordable for locals.
fodderweb.co.uk
Suffolk Food Hall
A collaboration of local businesses and farmers in a renovated barn with a mezzanine restaurant overlooking the River Orwell. There’s a butcher and a fishmonger as well as fruit and veg from the nearby market gardens.
suffolkfoodhall.co.uk
Guinness World Record for human mattress dominoes toppled in China - Daily Telegraph
"For an event like this involving 1,000 people to succeed first time is not just about luck. All other conditions must be correct. First of all, all the participants must fully understand the rules," he said.
"Second, our volunteers were all very brave. No one dodged when the two-metre-high mattress fell onto them. So the challenge was very successful," he added.
Currently on the Guinness World Records website, the holders for the Largest Human Mattress Dominoes record is La Quinta Inns and Suites in the United States. 850 American volunteers participated in the event in New Orleans in February this year.
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