THE IMPOSITION OF stock limits on wheat and commencement of open market sale of wheat by the Food Corporation of India (FCI) later this month to cool prices are likely to disrupt the trade and discourage purchase of the grain in the next season, market sources say.
Instead traders, flour millers and processors say that, instead, the government could have reduced import duty on wheat, which is currently at 40%, to boost supply.
"It's a premature step to impose stockholding limit on wheat during the procurement season as traders and stockists purchase grains keeping into consideration demand till March next year," Dharmendra Jain, president, Uttar Pradesh Roller Flour Miller Association, said.
هذه القصة مأخوذة من طبعة June 15, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 15, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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