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    Wheat stock: How will the household of the poor run! The stock of wheat in the country is half

    Shehnaz AliBy Updated:No Comments2 Mins Read
    New Delhi: There has been some decline in inflation in October, but the price of food items, especially wheat, may increase significantly in the coming days. The stock of wheat in government godowns has halved as compared to a year ago. According to a Reuters report, government warehouses had 21 million tonnes of wheat stock at the beginning of this month, up from 42 million tonnes on November 1 last year. Although it is slightly above the official target. The government had set a target of 205 million tonnes for the quarter ending December 31. On October 1, there were 22.7 million tonnes of wheat in government godowns. The government had released wheat to check the rising price. Perhaps this is the reason why the government reserves have come down. The government continues to release wheat stock for bulk users from time to time. These include flour mills and biscuit makers.

    India is the second largest producer of wheat in the world. In May, the government had banned the export of wheat to control the rising prices. Since then the price of wheat in the country has increased by 27 per cent. Experts say that till the arrival of the new crop, the price of wheat is not expected to come down. The new crop will come in March-April. There was a decline in wheat yield this year. But next year it is expected to accelerate again. Sowing of wheat in the country has started from October 1.

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    wheat acreage
    If the weather remains favorable and the temperature does not rise wildly during March-April, then wheat production in the country may reach the level of 2021. At that time there was 10.59 million tonnes of wheat in the country. According to the latest data, the country’s wheat area has reached 4.5 million hectares, which is 9.7 percent more than last year. The price of wheat in the country had reached a record level of Rs 26,500 a tonne on Thursday. Wheat exports have risen by 27 per cent since the ban in May.

    Source: navbharattimes.indiatimes.com

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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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