The government may opt for a rare measure to cool down rising wheat prices across the country in the wake of a sharp surge in retail inflation in July.
India s wheat production fell to 107.74 million tonnes in the 2021-22 crop year (July-June) from 109.59 million tonnes in the previous year due to heat waves in a few states. The procurement fell sharply to 19 million tonnes this year from around 43 million tonnes last year. 📰 Wheat Prices Fall by About Rs 5 Per Kg After Launch of Open Market Sale; Will Take More Steps If Needed, Says Union Food Secretary Sanjeev Chopra.
Climate change, Russia-Ukraine war leading to wheat deficiency in India, the possible solutions - A report stated that one kilo of wheat in India is resulting in 720 grams of flour this year, a fall from around 770 grams.
DNA Explainer: Why India has banned wheat export, the cause and effect - Due to low production of wheat this year, the food security of India and vulnerable countries is at risk, India s Directorate of Foreign Trade said.