Wheat Prices Jump To 6-Month High Due To Limited Supply, Robust Demand
NDTV
The increasing prices may prompt Centre to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election.
Wheat prices in India surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said.
The increasing prices may prompt Centre to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election.
Rising wheat prices could contribute to food inflation and potentially complicate the efforts of both the government and the central bank to contain inflation.
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