December 2, 2022

India weighs steps to chill report wheat costs, govt

Workers carry sacks of wheat for sifting at a grain mill on the outskirts of Ahmedabad, India. REUTERS/File Photo

India weighs steps to cool record wheat prices govt

Hovering wheat costs in India may immediate price-cooling measures resembling the discharge of state reserves into the open market whereas axing the 40 per cent tax on imports, commerce and authorities sources stated on Thursday.

The federal government has been making an attempt to rein in meals inflation, however its efforts have been difficult by wheat costs which have climbed to report highs. Stung by a sudden drop in crop yields, India banned exports of the grain in Could.

Market arrivals from the earlier harvest, in the meantime,…

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