Home Truths, Sifted
Wheatish Complex
There's stock, unsold. Yet a move is afoot to import wheat. Why?
- India plans to import 5 mn tonnes wheat to boost buffer stocks
- So far 1.3 mn tonnes wheat have been contracted for import at $39 a quintal, or double the price paid to domestic farmers
- Experts contend cheaper, plentiful wheat available within the country
- The food ministry fears that domestic tendering may send negative signals and fuel price rise
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