Bizarre wheat policy

A sudden spurt in the price of wheat in the past few weeks, even as the government is sitting on a virtual mountain of food, confirms fears that ill-advised grain procurement and stockholding policies are sucking the markets dry of supplies. Today, barely three months after the harvest of an exceptionally bountiful wheat crop – nearly 94 million tonnes – markets all over the country, including in the wheat-producing northern states, are facing an acute shortage of wheat. Flour-milling units in the south are reportedly on the verge of closure.

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