Private trade to wait and watch before buying new wheat
The private trade and industry will not rush to buy wheat this year following unclear signals from the government on the stock limit – whether it will be extended after March 31. Besides, the industry is closely watching the Government’s move of currently selling wheat (for processing into atta) to cooperatives at ₹1750/quintal and farmers are likely to get ₹2700 in Madhya Pradesh and Rajasthan, (against ₹2275/quintal MSP) if the States implement poll promise this year.
“It has really become difficult to strategise when such policies are in operation. Ultimately we have to do business and if we have to ensure quality of our products we need to buy. We cannot be dependent entirely on government or Food Corporation of India as good quality wheat is not separately graded in FCI stock,” a……..
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