Wheat prices rise on Rabi crop changes
Wheat cultivation in the Rabi season has increased by 2.5% to 312.28 lakh hectares (lh) due to stable prices and farmers’ appetite for government incentives. However, the area under oilseeds and pulses has declined, as a result of increased imports and falling market prices, putting India’s hopes of self-sufficiency at risk. Wheat’s strong market performance…