Wheat prices in India stabilised, export restrictions bore fruit

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Multiple rounds of heat waves in several wheat-growing regions in India ahead of the rabi harvest this year affected crop production. The current wheat price in India is well above the Centre's assured Minimum Support price of Rs 2,015 per 100 kg, which in itself is a rare phenomenon. As the tensions between Russia and Ukraine turned into a full-blown war, export demand for wheat got a boost, resulting in lifetime high prices of the staple foodgrain in the local mandis.

from Agriculture-Economy-News-Economic Times https://ift.tt/0NWh64d

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