AreaIndia

Commodity GroupGrains

CommodityWheat

Date04/05/2019

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionFixed 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 April–June and announced an INR 55 per quintal (USD 7.7 per tonne) increase in each of the subsequent quarters.