Area
India
Commodity Group
Grains
Commodity
Wheat
Date
04/05/2019
Policy Category
Consumption and marketing
Policy Instrument
Government market intervention
Description
Fixed the reserve price of wheat under open market sale from official stock at INR 2 080 per quintal (USD 292.4 per tonne), much higher than the minimum support price, during the procurement period AprilJune and announced an INR 55 per quintal (USD 7.7 per tonne) increase in each of the subsequent quarters.
