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The Times of India

Business

PTI

Spike in wheat prices due to speculative trade; govt to act against hoarders: Food secretary

Food India New Delhi

NEW DELHI: India has enough wheat stock but the spike in retail prices is due to speculating trading, Food Secretary Sudanshu Pandey said on Monday and warned of taking stringent action against hoarders.

Retail prices of wheat have risen by 19 per cent to Rs 31.02 per kg from Rs 26.01 per kg a year-ago. Wheat flour price too have increased by 18 per cent to Rs 36 per kg in the same period.

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