Smallholders with stored stock from prior seasons are reaping gains during this price upswing. Continued high prices through the next season (e.g. Onam period) could help farmers recover losses from past low-price years. However, inconsistent prices, unclear land ownership (lack of registration for auctions), and limited irrigation remain obstacles for equitable benefit-sharing.
Read MoreChina and Turkey are boosting purchases of discounted Russian oil, offered at better rates to them for deliveries in September, October and November. This comes after Trump cut off India’s access to the crude by the end of the month, industry officials said, and market data showed.
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