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Growing supply of food grains may add to woes of discontent farmers

Last year exports were hit by an appreciating rupee, falling global prices

Reuters  |  Mumbai 

Bountiful monsoon rains are unlikely to lift India's rural economy this year, and may instead compound the woes of millions of debt-ridden farmers who are struggling with low prices amid a glut of produce such as lentils, oilseeds and cereals. The South Asian nation is still carrying a huge inventory of food grains from last year's record harvest as exports were hit by an appreciating rupee, falling global prices and restrictions on overseas shipments. Another bumper harvest could accelerate the price slide and stoke discontent among farmers that has triggered protests in ...

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First Published: Fri, June 09 2017. 16:37 IST
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