India wheat prices jump to record high, limit scope for govt-to-govt deals

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"Most of the farmers have sold their crop. Negligible supplies are coming up for sale even though demand is robust," said Gopaldas Agarwal, a trader based at Indore in central India. Local wheat prices jumped to a record 23,547 rupees per tonne on Wednesday. That was up nearly 12% from recent lows that followed the government's surprise ban on exports on May 14.

from Agriculture-Economy-News-Economic Times https://ift.tt/OXl9CZB

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