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India boosts local wheat purchases, gives buffer against El Nino
date:Jun 06, 2014
her stocks and that gives us a considerable cushion to deal with any price rise if lower monsoon rains affect sentiment, pushing up prices, said a government official who did not wish to be named as he is not authorized to speak with media.

Larger state purchases in the world's second-biggest grain producer could also enable the government to allow more exports if it turns out the wheat is not needed domestically.

India has sold a total of about 11.5-12 million tonnes of wheat overseas in the

12/25 23:48