Wheat markets not overpriced, say millers; warn against cutting import duty

The millers argue that wheat prices at current levels of around Rs 2,700-2,800 per quintal are well justified, given that the MSP of the crop has been raised

On September 13, the central government tightened the stock holding limit on wheat amid a renewed clamour for lowering the customs duty to enable cheaper wheat imports. However, flour millers say the concern over wheat prices is unwarranted and the grain is not overpriced.

Food Secretary Sanjeev Chopra, too, in a press conference on September 19 asserted that wheat prices were well under control. He dispelled rumours of a quick resumption of the open market sale scheme, saying a decision on that will be taken at an appropriate time.

Chopra, assuring that prices of essential commodities won’t jump during