India raises wheat purchase price by 6.6 per cent to boost output - News Summed Up

India raises wheat purchase price by 6.6 per cent to boost output


India has raised the price at which it will buy new-season wheat from domestic farmers by 160 rupees ($1.80) or 6.6 percent to encourage growers to expand acreage and boost supplies in the world's second-biggest producer of the grain. India sets a price each year at which it will buy wheat and rice from local farmers to distribute for free to 800 million beneficiaries of the world's biggest food welfare programme. India grows one wheat crop a year, with plantings in October and November and harvests from March. "The price hike was necessary to maintain farmers' interest in wheat, as rapeseed offered better returns than wheat last year. Wheat and rapeseed are primarily grown in northern, central, and northwestern India, where the cooler climate supports their cultivation.


Source: bd News24 October 01, 2025 12:01 UTC



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