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Explanation:

Observe that the first growth in wheat prices is in January 2017. So, consider only the period from Jan 2017 to Jun 2017. Within this ignore Mar and Apr as wheat prices have dropped in these months. Hence, consider only Jan, Feb, May and Jun 2017. 

Jan 2017: [(137 − 123)/123] × 100 = 11.38% 

Feb 2017: [(147 − 137)/137] × 100 = 7.3% 

May 2017:  [(146 − 138)/138] × 100 = 5.8%

Jun 2017:  [(157 − 146)/146] × 100 = 7.53% 

Hence, the third highest growth was in February 2017. 

Hence, option (b).

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