Putin’s war pushes up wheat price, may benefit Indian farmers

The spike in wheat prices in international market due to the ongoing Russia-Ukraine war may bring some benefit to Indian farmers in terms of getting a good price for their produce and the government may have to procure less quantity of the foodgrain at assured price (MSP) as private players would buy more directly from farmers, sources said. Less procurement by the government would reduce the subsidy burden as well.



March 06, 2022 at 03:32AM