date:Jun 23, 2014
Indian purchases of wheat from local farmers are set to climb at least 8 percent this year, bolstering government stocks against forecasts of below-average monsoon rains and the spectre of a possible El Nino weather pattern. Poor rains in India, where farmers depend on the annual June-September monsoon to irrigate nearly half their land, typically stoke inflation - a key worry for Prime Minister Narendra Modi's newly formed government.
Higher procurement this year will add substantially to hig