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Wheat prices in India hit record highs, causing shortages and potential inflation spikes.
Wheat prices in India have hit record highs, creating a shortage that affects flour mills and could drive up retail inflation.
Despite government efforts to lower prices by reducing stock limits for traders and millers, prices continue to rise, trading around 33,000 rupees per metric ton in New Delhi.
The government plans to release more wheat from reserves, but the amounts are insufficient, putting pressure on state reserves and highlighting the need for better wheat distribution to meet market demand.
4 months ago
7 Articles