India’s grain stockpiles are key to Modi’s pre-election strategy

By
India has been forced to curb grain sales and is preparing to import wheat to ease food inflation ahead of next year's general elections. Rice exports have been banned and the government is curbing sales of other grains, adding to the global supply squeeze. The government may scrap a 40 per cent tariff on wheat, which would pave the way for India to import substantial volumes for the first time since 2017.

from Agriculture-Economy-News-Economic Times https://ift.tt/GS0dPHi

Comments

Post a Comment

Popular AgriNews

Govt to increase procurement of tur dal to tame prices

By
The government plans to significantly increase tur dal procurement from a few metric tonnes to 8-10 lakh metric tonnes to control prices amid reduced acreage and expected low production. Tur dal retail prices rose over 40%, from Rs 112 to Rs 158 per kg. Despite efforts to boost imports by removing import duty on tur, retail inflation in pulses surged to 18.79% YoY in October. from Agriculture-Economy-News-Economic Times https://ift.tt/9Es3D16
Read more

India's year-on sugar production till January 15 lags by 5.28%

By
Expecting a fall in India's sugarcane production due to drought conditions in Maharashtra and Karnataka, India has banned use of sugar syrup and B-heavy molasses for ethanol. However, despite the sugar production being lower than previous year, citing 'reports', the ISMA has now claimed that the sugar production is likely to be higher than expected earlier. from Agriculture-Economy-News-Economic Times https://ift.tt/sre8uKY
Read more