India raises wheat procurement price

India raises wheat procurement price

Indian Economy News

NEW DELHI: The Indian government has raised wheat purchase price
by Rs100 per 100 kg sack ahead of state elections, Indian media
reported Wednesday( Indian Economy News)

Moreover, the government would procure new season (2017) crop from farmers
at the rate of 1,625 rupees which was bought at 1,525 rupees last year.

Higher purchase prices are aimed at boosting wheat output.

Furthermore, the decision of price increase came at a time when Prime Minister
Narendra Modi’s Bharatiya Janata Party (BJP) is going to contest
elections in Uttar Pradesh, a key wheat producing state.

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