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India holds hefty grain inventories

This article was originally published in The Public Ledger

INDIA'S July 1 wheat stocks at government warehouses were 37.1m tonnes, substantially higher than a target of 17.1m tonnes set for July, government sources said on Thursday. Rice inventory was 26.8m tonnes against a July target of 9.8m tonnes. Wheat stocks stood at 37.8m tonnes on June 1 and rice stocks were 27.6m tonnes.


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