World Trade Flash

Govt to resume e-auction of wheat

Govt to resume e-auction of wheat

FCI to re-launch e-auction of wheat due to sufficient private stock and expected good harvest. Only 0.53 million tonnes sold in Nov-Dec, leading to discontinuation of weekly sales. Trade sources caution against selling surplus wheat as it may lower prices. Govt. plans to sell record 8 million tonnes of rice this fiscal year. | financialexpress.com

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