In 2004-05, lack of information on private trade contracts resulted in much larger quantities of wheat exports than intended. India had to import for years to make up.
While documentation about barter treaty is sparse, it was inked in 1949 when India, a leading commercial producer of jute, was experiencing a food crisis.
Rising wholesale prices are signs that traders are estimating a lower crop size for wheat and buoyant exports. It can worsen with Indonesia's ban on palm oil.
India is the world’s second-largest wheat producer after China, but a high consumption base has seldom allowed it to be a big exporter. This can change, at least in this year.
Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.
About 30-40 Afghan trucks will be crossing over from Pakistan to India Monday night and will leave for Afghanistan after the loading of 10 MT of wheat is complete .
It’s hard to build a house, run a business, or do anything without paying bribes. And yet, citizens’ anger about this open, unchecked corruption won’t erupt into Anna Hazare-type rallies.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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