Record wheat prices in the world’s second largest producing country

The announcement comes after wheat prices in the country hit a record $305.97/ton, up 16% from May 14, when authorities announced a ban on exports due to drought and reduced production.

“There are no such plans to import wheat into India. The country has sufficient stocks to meet domestic needs and the Food Corporation of India has sufficient stocks for public distribution,” the Department of Food and Public Distribution tweeted:

India’s wheat purchases are down 57% in 2022 from last year to 18.8 million tonnes.

India is the world’s second largest producer of wheat after China. Next is Russia and the USA.

Source: Jurnalul by

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