To bolster its dwindling reserves, India has urged both global and domestic trade entities to refrain from purchasing new-season wheat from local farmers. Facing challenges from dry weather affecting wheat output in recent years, India aims to shore up stocks and stabilize prices. This move comes as the government grapples with surging wheat prices, necessitating record sales to maintain local supplies. In response, private traders have been advised to abstain from wholesale markets, particularly in April, marking a departure from traditional procurement practices. This strategic shift underscores India’s commitment to safeguarding its food security and welfare programs.
India Urges Traders to Delay Wheat Purchases to Boost State Reserves
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