Wheat Price Hike: After rice and pulses, the inflation of flour will bother, wheat prices at the highest level of six months
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Due to increase in the price of wheat, the price of flour can also increase. The price of wheat is increasing continuously. The price of wheat has reached the highest level in the last six months. There is a possibility that the price of wheat may increase further in the coming months.
These days the general public is being hit hard by inflation. The prices of tomato, cumin, pulses are continuously increasing, due to which the burden on the pocket of the general public is increasing. Meanwhile, the additional burden on the pocket of the general public is going to increase, because now the prices of wheat have also increased.
Due to increase in the price of wheat, the price of flour can also increase. The price of wheat is increasing continuously. The price of wheat has reached the highest level in the last six months. There is a possibility that the price of wheat may increase further in the coming months.
On the other hand, due to the increase in the price of wheat, the government can abolish the duty on the import of wheat. Its main objective is to control the rising prices of wheat. This step can be taken in view of the upcoming assembly and Lok Sabha elections.
Explain that due to the increase in the price of wheat, there is a possibility of increase in the prices of flour. At the same time, other things made from wheat can also be expensive. It includes many items ranging from bread, biscuits. Let us tell you that earlier in the month of June, food inflation had increased significantly, which had increased from 2.96 percent to 4.49 percent. If wheat prices continue to rise like this, inflation may rise.
If reports are to be believed, wheat is not being supplied by the farmers in many wheat producing states. Flour mills are also not getting enough wheat and they are running short of sufficient stock. Because of this, there has been a rise in the prices of wheat in many states of the country. The situation is that there has been a jump of 1.5 percent in the prices of wheat in Indore, Madhya Pradesh. The price of wheat has reached Rs 25,446 per metric ton here. This price is the highest in the last six months.
According to statistics, the price of wheat has increased by 18 percent in the last four months. The government had also indicated to abolish 40 per cent duty on wheat imports. Let us tell you that even after wheat production, the government has not removed the ban on exports this year in view of the elections.
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