Page 2 - Wheat Msp

Govt to sell Bharat Rice at Rs 29/kg in retail; traders to disclose stocks

The government on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has directed traders to disclose rice stock, as part of its efforts to control prices. In a press conference, Union Food Secretary Sanjeev Chopra said retail and wholesale prices of rice have increased by around 15 per cent in the last one year despite restrictions on exports of various varieties. To control prices, he said the government has decided to sell subsidised 'Bharat Rice' at Rs 29 per kg in the retail market through two cooperatives the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers' Federation of India Ltd (NCCF) as well as retail chain Kendriya Bhandar. E-commerce platforms will also sell Bharat Rice. He said Bharat Rice will be available in the market from next week in 5kg and 10kg packs. In the first phase, Chopra said the government has allocated 5 lakh tonne

Farmers got nearly Rs 18 trn as MSP for wheat, paddy in last 10 yrs: Prez

Paddy and wheat farmers have received nearly Rs 18 lakh crore in the last 10 years as Minimum Support Price (MSP) -- a 2.5-fold increase from the preceding decade before 2014, President Droupadi Murmu on Wednesday said, while emphasising the Centre's focus on making farming activities profitable. Moreover, she said farmers producing oilseeds and pulses have received over Rs 1.25 lakh crore as MSP in the last 10 years of the current government. In her first address to a joint sitting of the two Houses in the new Parliament building, Murmu said, "My government is laying stress on making farming more profitable. Our aim is to reduce the cost of farming while increasing profits." For the first time, Murmu said, the government has given priority to over 10 crore small farmers in the agricultural policy and schemes. "In the last 10 years, farmers have received nearly Rs 18 lakh crore as MSP (Minimum Support Price) for paddy and wheat crops. This is 2.5 times more than the preceding 10 ye

Wheat sowing area crosses 34 million hectares, pulses lags: Govt data

Skymet cites early trends, predict 'normal' monsoon in 2024

No plans to import wheat, likely to harvest a bumper crop: Piyush Goyal

The country's wheat stocks at state warehouses stood at 16.47 million metric tons as of Jan. 1, the lowest since 2017

Govt says pulses area marginally less so far on late kharif harvest

Wheat sowing almost ends with acreage of 33.17 million hectares in 2023-24

Wheat sowing picks up pace as Central inventories drop to 7-year low

A high-level team of officials on a survey in some of the major wheat-growing areas found that almost 85 per cent of wheat sown so far has been of climate-resistant varieties

Promise of higher MSP in Assembly polls: That's easier said than done

If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of this central order or bear the full expense of the surplus procured at above MSP rates

Wheat sowing picks up pace in India; mustard harvest nears its end

According to the latest data, wheat has been sown in around 8.60 million hectares till Friday, which was 5.49 per cent lower than the same period last year

Wheat acreage jumps in initial sowing on good weather and firm price

According to the latest preliminary data by the Union ministry of agriculture, wheat has been sown in around 0.38 million hectares till October 27

Govt raises bid quantity to 200 tonne under OMSS wheat to stabilise prices

The government on Friday increased the bid quantity under the open market sale scheme for wheat offered from the central pool to 200 tonne with effect from November 1 as part of efforts to further stabilise prices of wheat and wheat flour. To boost supply of wheat in the domestic market, bulk buyers like flour millers, and small traders can now bid for 200 tonnes in e-auction as against 100 tonnes currently under Open Market Sale Scheme (OMSS). Food Corporation of India, the government's nodal agency for procurement and distribution of foodgrains, is offloading wheat from its buffer stock under the OMSS. Consequently, the total quantity offered per e-auction across the country has also been increased from 2 lakh tonne to 3 lakh tonne, the statement said. The increase in the bid quantity is aimed at enhancing the availability of wheat in the open market and to further stabilise the prices of wheat, it said. State-owned Food Corporation of India (FCI) is selling wheat and rice from

Centre hikes wheat MSP by 7% ahead of polls, highest increase since 2014

Wheat is a primary rabi crop in Madhya Pradesh and Rajasthan, which are slated to go to the polls in the upcoming weeks. Here, the BJP and the Congress are locked in a close battle

Govt revises down 2022-23 wheat output by 2.19 MT to record 110.55 MT

The government on Wednesday revised downwards the wheat production by 2.19 million tonnes to a record 110.55 million tonnes for the 2022-23 crop year ended June, as per the agriculture ministry data released on Wednesday. The country's actual wheat production stood at 107.74 million tonnes in the 2021-22 crop year (July-June). The ministry releases three estimates before the final one at different stages of harvesting. As per the final estimate of foodgrain production for the 2022-23 crop year, wheat production has set a new record at 110.55 million tonnes but remains lower by 2.19 million tonnes from the third estimate of 112.74 million tonnes for the same crop year. Unseasonal rains during the harvesting time have led to some loss, resulting in the revision of the crop estimate downward in the final estimate. As per the final estimate, rice production is estimated to be a record 135.75 million tonnes in 2022-23 against 129.47 million tonnes in the previous year. Coarse cereals

Govt hikes wheat MSP by Rs 150 per quintal to Rs 2,275 for 2024-25

Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price (MSP) of wheat by Rs 150 to Rs 2,275 per quintal for the 2024-25 marketing season. This is the highest increase by the Narendra Modi-led government since it came to power in 2014. A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Modi. Currently, the MSP on wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season (April-March). Briefing media, I&B minister Anurag Thakur said the CCEA has approved the increase in the MSP for all mandated rabi crops for 2024-25 marketing season. "Based on the CACP recommendation, we have increased the MSP of six rabi crops. Wheat MSP has been increased by Rs 150 per quintal," he said. The support price of wheat has been increased to Rs 2,275 per cent quintal for 2024-25 marketing season, from Rs 2,125 per quintal in 2023-24, he

Centre targets 114 million tonnes of wheat output next rabi season

Sowing of wheat, the main rabi (winter) crop, begins in October, while harvesting starts in March and April

Govt could sell wheat in open market to control price: Sanjeev Chopra

India's government could sell more wheat in open market to control price of the grain, the country's food secretary said on Monday

Centre may raise rabi crop MSP by 2-7% for 2024-25 marketing season

An official was quoted as saying that MSP for wheat and Masur in the next season could be hiked by around 7 per cent to Rs 2,275-2,300 and Rs 6,425-6,450 a quintal, respectively

Wheat export ban to continue as govt falls short on procurement targets

The ban was first introduced in May last year because of a decline in wheat production in the country

Despite inclement weather, wheat purchase in Punjab to be high at 12 mn MT

Wheat procurement in Punjab in the current rabi marketing season is expected to be better at 120 lakh metric tonne than last year'sat 120 lakh metric tonne, despite vagaries of weather that caused damage to the crop. Given the ongoing crop arrivals in grain markets of the state, Punjab is expected to purchase 120 lakh metric tonne of wheat for the central pool, said an official of the Punjab Food and Civil Supplies department. This purchase will be higher than last year's procurement of 96.47 lakh MT. The crop was adversely affected last season because of sudden rise in mercury during March which is the grain filling stage. Untimely rains accompanied by hail storms and high-velocity winds caused extensive damage to wheat and other crops at many places in Punjab, including in Fazilka, Muktsar, Moga and Patiala districts in March and April this year. The rough weather had an impact on around 14 lakh hectare out of total sown area of 34.90 lakh hectare and it was anticipated that the

Wheat procurement down by 18% at 41 lakh tonne due to harvest delays

The government has procured 41 lakh tonne wheat at the minimum support price directly from farmers so far in the ongoing 2023-24 marketing year (April-March), down 18 per cent from the year-ago period, a top FCI official said on Monday. Speaking to PTI, Food Corporation of India (FCI) Chairman and Managing Director Ashok K Meena said the procurement has been less due to delay in harvesting and lower arrivals in mandis especially in Punjab, Haryana, Uttar Pradesh and Rajasthan because of the recent unseasonal rains. The untimely rains had led to damage to the crop in some parts of the wheat-growing states, thus deteriorating the quality of the grain in few places. However, the government has eased procurement norms for wheat in five states -- Uttar Pradesh, Punjab, Haryana, Madhya Pradesh and Rajasthan -- in the interest of farmers, he said. "Wheat procurement has reached 41 lakh tonne till April 16 of the current marketing year, slightly lower than 50 lakh tonne in the year-ago ...

29% uptick in Madhya Pradesh farmers registering to sell wheat at MSP

Among other major wheat producers, procurement in Punjab is targeted at 13.2 mt, Haryana at 17.5 mt, and UP at 3.5 mt