Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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The Food Stuff Commissioner for India has issued the following note [in Calcutta]: The Government of India have been in communication with His Majesty’s Government with a view to arranging for the sale to India of Australian wheat, considerable quantities of which are expected to be shortly on passage to Europe. The Royal Commission of wheat supplies have not expressed their willingness to sell at cost price any of these cargoes of Australian wheat and the shipping controller is willing to supply tonnage at freight rates based on actual cost. His Majesty’s Treasury have agreed to this specially low rate of freight in view of the assistance which India has rendered in the past regarding wheat exports and on the understanding that wheat will not be sold at a profit. The Government of India proposed to utilise these cargoes of wheat firstly for supplying as far as possible military requirements of wheat products and secondly for sale to mills in Calcutta and Bombay which agree to sell their products at suitable rates.
Source : https://www.thehindu.com/todays-paper/tp-opinion/australian-wheat-to-india/article25904747.ece
