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Dry soil makes Indian farmers wary of planting wheat, despite rally | Hellenic Shipping News Worldwide

Dry soil makes Indian farmers wary of planting wheat, despite rally | Hellenic Shipping News Worldwide
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Dry soil makes Indian farmers wary of planting wheat, despite rally

India s wheat planting
is expected to remain stagnant despite a rally in prices to near
record highs, as lower soil moisture prompts farmers in some
areas to switch to less water-intensive crops,.
-November 23, 2023 at 02:27 am EST
- MarketScreener ....

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Farmers of India's dry soil wary of planting wheat despite record high prices

Indian farmers are unlikely to boost wheat planting despite prices hitting record highs as they opt for less-water intensive crops. While wheat planting area will reduce eventually, the world s second-biggest wheat producer may then also maintain its export ban or even force it to resort to imports, according to industry officials and scientists. ....

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Indian wheat prices at 8-month high on festival demand, tight supply

Indian wheat prices surged to an eight-month high on Tuesday, propelled by strong demand for big festivals, limited supplies and as import duty makes overseas buying unfeasible for domestic flour mills. ....

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