Indian government plans aggressive wheat procurement to replenish stocks: officials
March 18, 2024 Comments Off
The Indian government is planning to aggressively procure wheat to replenish its stocks at state-run warehouses, officials with the Food Corporation of India said. However, a likely rise in government’s procurement may also lead to supply tightness in domestic markets of India, traders said. The government plans to procure around 33.5 million mt wheat produced in marketing year 2024-25 (April-March),…
Indian government plans aggressive wheat procurement to replenish stocks: officials
The Indian government is planning to aggressively procure wheat to replenish its stocks at state-run warehouses, officials with the Food Corporation of India said. However, a likely rise in government’s procurement may also lead to supply tightness in domestic markets of India, traders said. The government plans to procure around 33.5 million mt wheat produced in marketing year 2024-25 (April-March),…
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