Firm foot | Trade Standard Editorials
The sharp spike in world wheat prices caused by the supply crisis following the Russian-Ukrainian conflict is seen as an opportunity for India to increase its wheat exports for the benefit of all stakeholders in this sector .
While the government, with its overflowing grain coffers, hopes to reduce its stocks to save on the cost of carrying excess stocks, the private sector is mopping up huge quantities of freshly harvested grain in anticipation of lucrative exports. Farmers, therefore, get higher prices than the floor rates set by the government. …
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First published: Wednesday, April 27, 2022. 10:56 PM IST