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India raises new-season wheat purchase price to 2,610 rupees per 100 kg

Original: India raises new-season wheat purchase price to 2,610 rupees/100 kg

India has raised the price at which it will purchase new-season wheat from farmers to 2,610 rupees per 100 kg. The procurement price affects millions of growers and shapes domestic grain supplies, food subsidy costs and wheat market expectations at the start of the new season.

Why now: The government's procurement price announcement matters to farmers, food subsidy budgets and wheat market prices as the new season begins.

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Evidence

• India raises new-season wheat purchase price to 2,610 rupees/100 kg · Reuters

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