India is facing significant challenges in its edible oil and wheat markets due to geopolitical tensions and weather conditions impacting major exporting countries.
Shipments of sunflower oil to India have stopped after Russia on July 17 said it was pulling out of the year-old deal that allowed shipments of grains and other foodstuffs to move past the Russian naval blockade in the Black Sea.
New Delhi, May 14:Flour millers’ association RFMFI on Saturday welcomed the government’s decision to ban wheat exports, saying this will prevent “unnecessary panic” in the market regarding domestic supply and also help in controlling any price rise. Roller Flour Millers Federation of India (RFMFI) President Anjani Aggarwal said the association had written to the government to regulate exports. “It is a very good decision by the Government at this stage, as this will prevent unnecessary panic in the country about […]