AreaIndia

Commodity GroupGrains

CommodityWheat

Date20/03/2024

Policy CategoryStocks

Policy InstrumentGovernment procurement

DescriptionIncluded wheat and rice in its Price Stabilization Fund which makes wheat and rice deliveries from the Food Corporation of India to the National Agricultural Cooperative Marketing Federation and the National Consumer Cooperative Federation eligible for a subsidy of INR 435 per quintal (USD 520 per tonne) and INR 200 per quintal (USD 240 per tonne) respectively.