Tridge summary
The Indian government may reduce import duties on wheat to alleviate rising prices and curb inflation, according to the Indian Food Corporation (FCI). Additionally, the government plans to sell wheat and rice on the open market starting from July 5, with 400,000 tons of wheat and 500,000 tons of rice being offered at the first auction. Previously, the government allowed the export of wheat to Nepal until the end of the current fiscal year and rice to Indonesia, Senegal, and the Gambia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Indian Food Corporation FCI, the government of the country, if necessary, may decide to reduce import duties on wheat, as a means of easing pressure on rising prices and countering inflation, Reuters reported. In addition, the government plans to start selling wheat and rice on the open market from July 5. Thus, 400,000 tons of wheat and 500,000 tons of rice will be offered at the first electronic auction. Recall that after requests, ...
Source: Zol
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