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Friday 1 August 2014

The Indian government approved the sale of 100 lakh tonnes of wheat from FCI stocks in the open market in order to boost domestic supply.

Date: August 1, 2014


Big stock::


The government had on Friday approved the sale of 100 lakh tonnes of wheat from FCI stocks in the open market in order to boost domestic supply and check prices. In 2013-14, the government had announced sale of 85 lakh tonnes of wheat but was able to sell only 58 lakh tonnes. Putting this in perspective is the unwholesome, and official, fact that the wholesale price of wheat increased to Rs.19 per kg in the national market in July, from Rs.16.10 per kg in the same month last year.


Taking stock of grain
Taking stock of grain



























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