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Wheat markets still on the edge a fortnight after govt's export ban

The spike in prices seen since March-end prompted Meena to ignore repeated reminders to sell to government-run procurement centres, a decision he now regrets

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On May 13, the government announced a ban on wheat exports, effective immediately, citing a sudden surge in global wheat prices and the resulting food security risks to India.

Sanjeeb Mukherjee New Delhi
Ram Lal Meena, a prominent wheat farmer in Madhya Pradesh’s Ujjain district, is saddled with almost 500 quintals of good quality grain, a fortnight after the government suddenly banned wheat exports.

He was waiting to sell the wheat at a premium of around Rs 250 per quintal above the state-mandated minimum support price of Rs 2,150 per quintal this year before the ban put paid to his hopes.

The spike in prices seen since March-end prompted Meena to ignore repeated reminders to sell to government-run procurement centres, a decision he now regrets. Since the ban, the open market price of wheat has

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First Published: May 28 2022 | 6:05 AM IST

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