In this episode of Trending Commodity Picks, we take a look into the contrasting trends of global and Indian wheat prices. While global wheat prices have dipped by nearly 2% since the beginning of the year, Indian wheat prices are soaring near record highs, up by 7% year-on-year.
We explore the reasons behind this disparity, the Indian government’s concerns, and the potential impact on procurement for buffer stocks. We also discuss the government’s measures to cool down prices and the speculation surrounding this year’s wheat production. Stay tuned for an in-depth analysis.
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Watch our previous episode here: Gold price rise: Why physical demand is crushing paper gold claims | Trending Commodity Picks | Ep 34
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About the Trending Commodity Picks series-
Why are wheat prices rising? Why do the prices of onions, tomatoes, and potatoes keep fluctuating? Why do the prices of the foods we eat continue to rise? What’s happening around us that we are failing to take note of? What’s likely to happen in the short term?
Are you interested in learning about these?
Stay tuned to the Trending Commodity Picks video series, explaining the key factors affecting the commodity markets, brought to you by our host, Subramani Ra Mancombu, Head of Agri-Business and Commodities at the hindu businessline.
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(Video host: Subramani Ra Mancombu; Production and edit: Siddharth Mathew Cherian and Renil S Varghese)