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 jurnalul.ro.

*The article has been translated based on the content of Jurnalul by jurnalul.ro. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!