Wheat purchases by Indian state agencies have started strongly in the new season, further boosting government stocks and leading to industry calls to allow exports after a two-year ban. Farmers in the key wheat-surplus states of Punjab and Haryana were expected to begin selling in early April as recent showers have delayed the harvest, but
Indians Call For Wheat Exports
India considers oil import tax
India is considering to tax vegetable oil imports to protect the domestic industry from a slump in prices and lift a ban on exports, the farm minister said Oct. 19. Sharad Pawar also said the government would consider scrapping an export tax of 8,000 rupees (US$162.30) per tonne on basmati rice. “Global edible oil prices
India’s biofuel target risks food price row
India on Sept. 11 set an ambitious 20 per cent target for biofuels use within a decade, threatening to revive the food-versus-fuel debate just as global food prices stabilize to the relief of poor consumers and governments. Prices of grains like rice and wheat have fallen from record levels in 2007 and early 2008 as