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The story by Bloomberg said, “Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to consider grain imports.”
The government has announced certain changes to the restrictions on wheat exports issued by the Department of Commerce's Directorate General of Foreign Trade (DGFT) on May 13th.
Four dealers told Reuters that India's wheat export restriction had held 1.8 million tonnes of grain at ports, leaving traders facing hefty losses from the prospect of selling onto a weaker domestic market.
Nestle India, which follows a January to December financial year, saw its net sales rise by 9.6% to ₹3,865 crores for the reporting period. It was ₹3,525 crores in the corresponding quarter last year.
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