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Guavy Wire

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Lead story Commodities Wheat price surge adds to India's rising food costs Wheat prices in India have risen sharply from Rs 40-42 per kg to Rs 52-55 per kg in just one month, driven by lower yields due to inadequate rainfall. Traders and flour mill owners are struggling with higher costs, with wholesale rates climbing from Rs 4,000-4,200 to Rs 5,200-5,500 per quintal. Mill operators face shrinking margins as procurement and transportation expenses increase, leaving them caught between raising prices and losing customers. Consumers and millers alike are bracing for further financial strain as wheat prices remain elevated. Sentiment -3 Clout 55 Speculation 4 Wheat

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