New Delhi: Private traders are buying and stocking up large quantities of wheat, the winter staple, anticipating strong export demand, pushing up domestic prices and slowing down the government’s own purchases at federally fixed minimum support prices. India’s wheat-harvest season is underway. Some analysts now say the country needs to be cautious with exports because of a smaller than previously predicted wheat crop this year, lest abundance should turn into a supply crunch in the coming months. Average wheat prices were up 14% year on year in March 2022 on the back of anticipated exports, since traders are offering […]
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