Indian Govt ban wheat export

Wheat exports are banned for now . Indian government has declared taking in the view about poor mansoon and its effect on domestic prices even when International wheat prices are lower than Indian market . Low rains can reduce wheat output aand in turn increase the prices .Bakery manufacturers have to keep a close watch on these developments to cover their cost of production as wheat flour covers almost 60-70% of raw material cost

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http://timesofindia.indiatimes.com/NEWS-India-Monsoon-blues-Wheat-export-licences-scrapped/articleshow/4774253.cms