date:Jun 06, 2014
Indian purchases of wheat from local farmers are set to climb at least 8 percent this year, bolstering government stocks against forecasts of below-average monsoon rains and the specter of a possible El Nino weather pattern.
Poor rains in India, where farmers depend on the annual June-September monsoon to irrigate nearly half their land, typically stoke inflation - a key worry for Prime Minister Narendra Modi's newly formed government.
Higher procurement this year will add substantially to hig