Indian millers and traders face challenges due to farmers holding back wheat for higher prices amidst increased production.
Indian millers and traders face challenges as farmers hold back wheat, expecting higher prices amidst increased production. Wheat production is estimated at 105.79 million tonnes this year, a 3% increase, and the US Department of Agriculture projects India's output at 112.5 million tonnes. However, wheat is not arriving in markets or available for procurement, causing strains for millers and traders.
May 10, 2024
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