Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1
The government on Monday said there is sufficient wheat stock in the country and that it will take action against hoarders, if needed, to boost domestic supply. The Centre may consider steps like asking for disclosure of wheat stocks by traders and imposing stock limits to augment domestic availability. Addressing the 82nd AGM of Roller Flour Millers Federation of India, Food Secretary Sudhanshu Pandey said there is no problem of wheat in the country and the Centre has 24 million tonne of wheat in godowns of state-owned FCI. The secretary pointed out that wheat prices have gone up due to "speculative trading". Pandey said the government's wheat production forecast is around 105 million tonne in rabi season of 2021-22 crop year (July-June) while the trade estimates are 95-98 million tonne. Even if trade estimates are to be believed, Pandey said the production is enough to meet the domestic demand. The country has exported 4.5 million tonne of wheat so far this fiscal year. Out of
Wheat production declined by 2.5 per cent compared to last year-its lowest level in three years
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The looming shortage and rising prices now have authorities making preparations to buy from overseas
India's wheat production is projected to have declined nearly 3 per cent to 106.84 million tonnes while the overall foodgrain production is estimated to have touched record 315.72 million tonnes in the 2021-22 crop year. The wheat production is estimated to have declined due to heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana. Releasing the fourth advance estimate for the 2021-22 crop year, the Union agriculture ministry on Wednesday said a record output is also estimated for rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane. The crop year 2021-22 was from July 2021 to June 2022. The country's overall foodgrain production is estimated to be record 315.72 million tonnes in the crop year that ended in June 2022, according to the ministry. Agriculture Minister Narendra Singh Tomar said record production of so many crops was the result of the government's farmer-friendly policies as well as tireless hard work of the farmers
Drawdown in wheat stocks, fear of fall in rice production raise doubts on scheme's sustenance beyond Sept 30 deadline
The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm.
The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment
Blame game would serve no purpose
States raise matter in central government's meeting on food security, say beneficiaries complaining
Food Corporation of India (FCI), nodal agency for procurement and distribution of foodgrains, has purchased 187.86 lakh tonnes of wheat so far at Minimum Support Price (MSP) for Rs 37,852.88 crore.
Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter
Revenues from the export of industrial metals would also take a hit from a decline in metal prices
Exceptions were allowed for shipments backed by letters of credit that had already been issued and those to countries that requested supplies to meet their food security needs
Fodder prices in Rajasthan's Hanumangarh district have risen many times over, forcing those who own animals that do not provide milk, or very little milk, to release their cattle to roam the streets
Turkey's decision comes at a time when international buyers have been looking to secure supplies of wheat
Union Minister Kailash Choudhary on Sunday said the Centre had placed a ban on wheat exports to ensure adequate availability of the food grain in the country. The ban was put in place on May 14 in order to control domestic prices amid concern that wheat output may be hit due to a prevailing heatwave. "For us the country is first and our priority is to make available adequate wheat to our citizens, We have banned wheat export so that people don't face shortage," the Union Minister of State for Agriculture and Farmers' Welfare told reporters here. India's wheat exports stood at an all-time high of 7 million tonnes, valued at USD 2.05 billion, in 2021-22, with over 50 per cent being bought by neighbouring Bangladesh. Queried on whether the Centre would provide financial relief to farmers facing losses due to the sudden ban on exports, Choudhary only said the government buys produce at minimum support price. Listing the Narendra Modi government's schemes for the farming sector, Choud
The crisis is directly related to India's deteriorating relationship with China and is exacerbated by the ongoing Russo-Ukrainian war
The government data highlighted that India's expected production of wheat for 2022-23 remains at near 105 million metric tonnes (MMT)