India may release more grains to bulk users

India is open to freeing up more grains for bulk consumers, Food Secretary Bhushan Chander Gupta said on Friday, to improve supplies amid huge stockpiles. Asia's third-largest economy, which is battling inflation mainly stoked by high vegetable and dairy product prices, is sitting on huge stocks of grains, which has been freed up from time to time for bulk consumers and subsidised sale to the poor.
India's food price index rose an annual 16.91 percent at the start of January, data on Thursday showed. This month, the federal government released 1.5 million tonnes of wheat for bulk consumers like flour millers and biscuit markers.