Wheat prices have stayed stubborny high in India, despite several steps by the government including an export ban and announcing open market prices. - Mint Official figures show that daily retail wheat flour (atta) prices as on 1 February were 22% higher year on year, while wholesale prices were 31% higher. Wheat prices have been inching up through 2022 after a heat wave cut production and pushed the government to ban exports...
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India’s Foreign Trade during the Ukraine War -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org The Russian invasion of Ukraine and the subsequent war sparked rapid and dramatic increases in some global trade prices, particularly for fuel products, wheat and fertilizer for which Russia and Ukraine are major exporters. It is now clear that these price changes were not due to actual changes in total supply, which remained largely unchanged (although source locations and trade routes shifted). Instead, market expectations amplified by media hype, financial...
More »Central government plans to scrap wheat import duty -R Suryamurthy
-The Telegraph Officials say Centre is considering several other measures such as doing away with stock holding limit of foodgrain The government plans to scrap the import duty on wheat to encourage inward shipment and meet its growing demand during the festive season. Officials said the Centre was considering several other measures such as doing away with the stock holding limit of the foodgrain. Analysts said the move might not fetch the desired results...
More »Willing to ‘feed the world’ by summer, India may have to import wheat come winter -Sayantan Bera
-ThePrint.in With wheat prices soaring, the government may have to slash import duty and impose stock limits, say traders and analysts. New Delhi: Rising wholesale and consumer prices of wheat may push India to allow imports of the staple food item in a few months’ time. If India turns importer, it will be a drastic reversal — from desiring to ‘feed the world’ in the summer to battling a shortfall by winter. Compared...
More »Are we choosing the right solutions for reducing GHG emissions from the transport sector?
The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
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