BackIndia to free up extra 10 million tonnes of wheat in open market
1 min read
24 Jul 2014, 12:52 PM IST
The move is part of efforts to keep a lid on food prices
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New Delhi: India will free up another 10 million tonnes of wheat in the open market, food minister Ram Vilas Paswan said on Thursday after a cabinet meeting, as part of efforts to keep a lid on food prices.
The government buys rice and wheat from local farmers to build reserves and to sell subsidized food to the poor.
India’s retail food inflation eased to 7.97% in June from 9.56% in May after the government took steps to check hoardings and curb exports of onions and potatoes.
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Published: 24 Jul 2014, 12:51 PM IST
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