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Resource centre on India's rural distress
 
 

Why wheat prices are skyrocketing despite bumper stocks -Shwweta Punj

-IndiaToday.in

Rising international prices of wheat and fuel are pushing wheat prices up at home. There is also a demand for India to export wheat

India’s CPI (Consumer Price Index) inflation rose to a 17-month high of 6.95 per cent in March 2022, exceeding the Reserve Bank of India’s inflation target for three consecutive months. The prices of wheat and wheat products in the country have gone up by 15-20 per cent while global wheat prices are at a 14-year high. The escalation in global wheat prices is driven by the ongoing geopolitical turmoil—Russia’s war on Ukraine, which has led to massive supply disruptions. 

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