Daily retail wheat flour prices on February 1 were 22% higher on an annualised basis, while wholesale prices leapt 31%, official data show.
Winter sowing of the staple grain in the world’s second-largest consumer has held steady. The country hopes to reap a record I112 million tonnes, with harvesting two months away. In 2022, India was hoping to harvest 110 million tonne of wheat, but a prolonged heatwave around reaping time crimped output to 106.84 million tonne, about 2.5% lower than the preceding year’s 109.59 million
This story is from the February 07, 2023 edition of Hindustan Times.
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This story is from the February 07, 2023 edition of Hindustan Times.
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