Wheatish Complex

There's stock, unsold. Yet a move is afoot to import wheat. Why?

Wheatish Complex
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Home Truths, Sifted
  • 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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