Social News XYZ     

Despite imposition of stock limit, wheat prices see percentage rise

Despite imposition of stock limit, wheat prices see percentage rise

New Delhi, June 23 (SocialNews.XYZ) Despite the Centre having imposed stock limit on wheat to control its price rise earlier this month, there has been a percentage increase in its prices in the last 10 days, which may make common man's meal costlier.

The Central government had imposed a stock limit on wheat on June 12, however its efforts don't seem to have borne much fruit.

 

On June 7, wheat was being sold at Rs 2,302 per quintal, however, after stock limit was imposed on June 12, its prices had come down by two per cent.

On June 14, wheat was being sold at Rs 2,268 per quintal, but on June 22, it's price rose sharply to Rs 2,340 per quintal.

The Central government had announced that from June 28 onwards, it would sell wheat in the open market.

However due to El Nino and poor monsoon conditions, wheat prices are expected to rise further, experts say.

Source: IANS

Facebook Comments
Despite imposition of stock limit, wheat prices see percentage rise

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: