Financial system
08 February 2023, 7:33 pm. 1 minute
| Reuters exclusively reported that, as shared by senior authorities sources straight concerned in decision-making, India is contemplating extending a ban on wheat exports to replenish depleted state reserves and produce down record-high home costs. India’s plan to take care of the export curb till mid-2024 was confirmed by commerce and trade officers. Earlier, India, the world’s second largest wheat producer, offered 3 million tonnes of the grain to bulk customers, similar to flour millers, to tame sky-high costs. Though domestic wheat prices dropped after the federal government launched some shares from its reserves, native charges are nonetheless larger than the value at which the federal government buys the staple from native farmers. |
Market Affect
Though domestic wheat prices dropped after the federal government launched some shares from its reserves, native charges are nonetheless larger than the value at which the federal government buys the staple from native farmers.
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