• 33599
• October 17, 2023

Wheat prices at 8-month high on festival demand, tight supply

Wheat prices in India have reached an eight-month high due to strong demand for festivals, limited supplies, and import duties. The government may release more stocks and eliminate import duties to control prices ahead of important elections. Rising wheat prices could contribute to food inflation. India has no immediate plans to abolish the 40% import tax on wheat.

• News Source Indiatimes (Click to view full news): CLICK HERE

• Category:
• Business

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