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India may cut wheat import duty if needed - citing food corporation head India may cut wheat import duty if required, broadcaster ET Now reported on Friday citing the head of the state-run Food Corporation of India (FCI). The wheat harvest in 2023 is at least 10% lower than the government's estimate, a leading trade body told Reuters on Wednesday, marking the second year of low production which could complicate New Delhi's effort to keep a lid on prices of the staple. According to the government, however, wheat output rose to a record 112.74 million ...
India may cut wheat import duty if needed - citing food corporation head
India may cut wheat import duty if needed - citing food corporation head
Source: Reuters
24/06/2023 8:46:31 AM
Centre discontinues rice, wheat sale under open market scheme to curb price rise  The Centre has decided to discontinue the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments. The step has been taken to control the prices of these commodities. However, it may impact states which are offering free food grains to the poor. An order issued by the Food Corporation of India (FCI) said: "The sale of wheat and rice under the OMSS (domestic) to state governments is discontinued." However, the sale of ...
Centre discontinues rice, wheat sale under open market scheme to curb price rise
Centre discontinues rice, wheat sale under open market scheme to curb price rise
Source: IANS
15/06/2023 9:59:26 AM
Approximately 11,000 MT of wheat procured in current Rabi season  Procurement of wheat for Rabi marketing season 2023-24 has been to the tune of 10,727 metric tonnes till March 27 as compared to nil procurement last year. Food Corporation of India (FCI) chairman Ashok Meena told media persons on Tuesday that wheat has been procured from Madhya Pradesh in Ujjain, Dewas, Indore, Shajapur and Sehore among others. It is also worthwhile to note that the total procurement last year during the month of March itself was around 10,000 metric tonnes only,...
Approximately 11,000 MT of wheat procured in current Rabi season
Approximately 11,000 MT of wheat procured in current Rabi season
Source: IANS
29/03/2023 9:10:11 AM
Government to release additional 20 LMT wheat in open market Government will offload an additional 20 lakh metric tonnes (LMT) of wheat in open market through Food Corporation of India (FCI) to further rein in prices of the commodity. This would be in addition to 30 LMT of wheat which has already been offloaded in open market. The reduction in reserve price along with additional offloading of 20 LMT of wheat will collectively help in reducing market price of wheat and wheat products for consumers, official sources said. Food secretary Sanjeev ...
Government to release additional 20 LMT wheat in open market
Government to release additional 20 LMT wheat in open market
Source: IANS
21/02/2023 5:33:37 PM
FCI offers 11.72 LMT wheat via 620 depots in 3rd e-auction Food Corporation of India (FCI) has offered 11.72 LMT wheat through 620 depots in the country in the 3rd e-auction. Consumer Affairs Department officials said that for the 3rd e-auction, bidders who have registered themselves on the e portal of M Junction by 10 p.m. on February 17 will be allowed to participate in the e-auction on February 22. The last date for deposit and uploading of EMD is February 21 till 2.30 p.m. Aiming to check inflationary trend in the food economy, the Departme...
FCI offers 11.72 LMT wheat via 620 depots in 3rd e-auction
FCI offers 11.72 LMT wheat via 620 depots in 3rd e-auction
Source: IANS
18/02/2023 12:28:57 PM
Centre reduces reserve price of wheat up to March 31 to check inflation Aiming to check inflationary trend in the food economy, the Department of Food and Public Distribution (DFPD) has decided to further reduce reserve price of wheat up to March 31, 2023. The reserve price under Open Market Sale Scheme (Domestic) has been fixed at Rs 2150 per quintal (pan India) for wheat and Rs 2125 per quintal (pan India) for wheat (under relaxed specifications) of all crops including Rabi Market Season (RMS) 2023-24 for sale of wheat to private parties. States may be al...
Centre reduces reserve price of wheat up to March 31 to check inflation
Centre reduces reserve price of wheat up to March 31 to check inflation
Source: IANS
18/02/2023 9:32:08 AM
Centre sells 4 LMT of wheat during second e-auction More than 1,060 bidders participated and 3.85 lakh metric tonnes of wheat was sold during the second e-auction organised by the Food Corporation of India (FCI) on Wednesday . The corporation offered 15.25 LMT wheat stock during the auction. In the second e-auction, quantities ranging from 100 to 499 MT had maximum demand followed by quantities of 500-1,000 MT, followed by 50-100 MT indicating that small and medium flour millers and traders actively participated in the auction. Only f...
Centre sells 4 LMT of wheat during second e-auction
Centre sells 4 LMT of wheat during second e-auction
Source: IANS
16/02/2023 2:20:34 PM
Piyush Goyal directs FCI to open more procurement centres in UP Minister for Consumer Affairs, Food and Public Distribution Piyush Goyal has directed the Food Corporation of India (FCI) to set up more procurement centres covering almost all revenue districts of Uttar Pradesh so that the farmers have option to sell their produce to it or to any other agency. Goyal gave this direction while reviewing the operations of FCI's Uttar Pradesh region in Lucknow. Taking into consideration the demand, population and vast geographical area of Uttar Pradesh...
Piyush Goyal directs FCI to open more procurement centres in UP
Piyush Goyal directs FCI to open more procurement centres in UP
Source: IANS
13/02/2023 3:57:06 PM
Second sale of wheat to be held through e-auction on February 15 With a view to address the issues surrounding rising prices of wheat and Atta, the second sale of wheat through e-auction will be held throughout the country on February 15. Food Corporation of India (FCI) has issued direction to all the winning bidders of first e-auction held on February 1 and 2 to remit the cost and lift the stock immediately from concerned depots across the country and make the same available in respective markets in order to further contain the prices. The prices are s...
Second sale of wheat to be held through e-auction on February 15
Second sale of wheat to be held through e-auction on February 15
Source: IANS
4/02/2023 4:03:45 PM
9.2 lakh metric tonnes of wheat sold through e-auction by FCI Over 1,150 bidders participated in the first week of e-auction of wheat and a quantity of 9.2 lakh metric tonnes was sold across the country by Food Corporation of India (FCI). In the first week of e-auction, quantities ranging from of 100 to 499 million tonnes attracted maximum demand. After this, the demand was for quantities of 500-1,000 million tonnes, followed by that of 50-100 million tonnes, thus indicating that small and medium flour millers and traders actively participated in ...
9.2 lakh metric tonnes of wheat sold through e-auction by FCI
9.2 lakh metric tonnes of wheat sold through e-auction by FCI
Source: IANS
3/02/2023 5:01:09 PM
Food Secretary reviews sale of wheat at nominal price of Rs 29.50 per kg Food Secretary Sanjeev Chopra on Thursday reviewed the progress of sale of Atta (wheat flour) at Rs 29.50 per kg through various outlets to consumers, a move aimed at checking the high rate of the essential commodity. During the meeting, which was attended by officials of Food Corporation of India (FCI), Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India Limited (NCCF), it was decided that th...
Food Secretary reviews sale of wheat at nominal price of Rs 29.50 per kg
Food Secretary reviews sale of wheat at nominal price of Rs 29.50 per kg
Source: IANS
3/02/2023 9:52:50 AM
E-auction of wheat for sale in open market begins  The Food Corporation of India (FCI) offered 22 lakh metric tonnes of wheat out of its 25 lakh metric tonnes stock for sale through open market in the first e-auction which took place on Wednesday. Official sources said that more than 1,100 bidders came forward for participation in the e-auction. A quantity of 8.88 lakh metric tonnes of wheat was sold on the first day of the auction in 22 states. In Rajasthan, bidding would be conducted today, while further sale of wheat through...
E-auction of wheat for sale in open market begins
E-auction of wheat for sale in open market begins
Source: IANS
2/02/2023 11:53:50 AM
Government to facilitate sale of 25 lakh metric tonnes wheat in open market from February 1 The government is going to offer 25 lakh metricAtonnes of wheat for sale from February 1, under the open market sale scheme, for which tenders will be uploaded by Food Corporation of India's (FCI) regional offices. Buyers willing to purchase wheat stocks can get empanelled themselves with FCI's e-auction service provider, m-Junction Services Ltd, and bid for stocks. The empanelment process would be completed within 72 hours for any party who wishes to register its name. This ...
Government to facilitate sale of 25 lakh metric tonnes wheat in open market from February 1
Government to facilitate sale of 25 lakh metric tonnes wheat in open market from February 1
Source: IANS
28/01/2023 9:52:44 AM
Government to sell 30 LMT wheat under open market scheme to ease prices To ease rising prices of wheat and atta, the government on Wednesday approved a proposal for sale of 30 lakh metric tonnes of wheat under the open market sale scheme. It was decided that within the next two months, Food Corporation of India (FCI) will off load 30 LMT wheat from the Central pool stock to the market through various routes under the open market sale scheme (domestic). Sale of wheat would be facilitated through traders, state governments, and cooperatives and federations as...
Government to sell 30 LMT wheat under open market scheme to ease prices
Government to sell 30 LMT wheat under open market scheme to ease prices
Source: IANS
26/01/2023 9:59:02 AM
Centre holds review meeting on 12% ethanol blending with petrol for 2022-23 The Central government plans to achieve 12 per cent ethanol blending with petrol in 2022-23. Top officials from the food and public distribution as well as petroleum ministries held a meeting on Monday to review the progress of the target. Secretaries from both the ministries and oil marketing companies and chairman of Food Corporation of India (FCI) were also present in the meeting. Ethanol industry showed confidence to supply sufficient ethanol to meet the targets, sources said. ...
Centre holds review meeting on 12% ethanol blending with petrol for 2022-23
Centre holds review meeting on 12% ethanol blending with petrol for 2022-23
Source: IANS
27/12/2022 12:58:47 PM
India CPI - Food falls but what's in store for core? India's November CPI printed 5.9 per cent y/y, well below consensus, driven by faster-than-expected disinflation in vegetables. Last month, we highlighted encouraging early signs for India's food inflation. This includes the ongoing seasonal fall in vegetable prices, softer growth in prices of pulses and edible oils, healthy progress in rabi season sowing (particularly for wheat) and moderation in global food prices & farm input costs. Cereal inflation has been a concern and wa...
India CPI - Food falls but what's in store for core?
India CPI - Food falls but what's in store for core?
Source: IANS
13/12/2022 4:30:16 PM
India foodgrain subsidy bill to surge 30% to $33 billion this year - source India's spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal year, as the government continues to provide support to the poor at least until December, according to a government official and a document reviewed by Reuters. Federal government food subsidies will likely increase by 30% over the 2.07 trillion rupees ($25.14 billion) estimated in the budget, the official said, speaking on condition of anonymity as discussions are confiden...
India foodgrain subsidy bill to surge 30% to $33 billion this year - source
India foodgrain subsidy bill to surge 30% to $33 billion this year - source
Source: Reuters
7/12/2022 4:01:06 PM
Adani Agri Logistics secures LoA from FCI for silo complexes Adani Agri Logistics Ltd (AALL), a wholly-owned subsidiary of Adani Logistics Ltd, has received a Letter of Award (LoA) from the Food Corporation of India (FCI), following competitive bidding, to build silo complexes at various locations across the country. Based on the LoA, AALL will develop and operate state-of-the-art silo complexes at four locations -- Kanpur, Gonda and Sandila in Uttar Pradesh and Katihar in Bihar, in line with the government of India's objective of modernising In...
Adani Agri Logistics secures LoA from FCI for silo complexes
Adani Agri Logistics secures LoA from FCI for silo complexes
Source: IANS
15/10/2022 10:07:35 AM
Adequate food stock available to meet Garib Kalyan Anna Yojana requirements: Amid concerns raised by the Finance Ministry over continuation of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) till December 2022 owing to inadequate food grains and extra burden on the exchequer, Government on Friday claimed that it has sufficient stock to meet additional requirements. "Food Corporation of India (FCI) has sufficient stock of foodgrains to meet the requirement of National Food Security Act (NFSA) and other schemes and additional requirement of PMGKAY," Food a...
Adequate food stock available to meet Garib Kalyan Anna Yojana requirements:
Adequate food stock available to meet Garib Kalyan Anna Yojana requirements:
Source: IANS
1/10/2022 12:09:04 PM
Axis Bank surges on inking MoU with Food Corporation of India Axis Bank is currently trading at Rs. 772.85, up by 7.40 points or 0.97% from its previous closing of Rs. 765.45 on the BSE. The scrip opened at Rs. 773.05 and has touched a high and low of Rs. 773.35 and Rs. 766.15 respectively. So far 127797 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
Axis Bank surges on inking MoU with Food Corporation of India
Axis Bank surges on inking MoU with Food Corporation of India
Source: Accord Fintech
17/08/2022 12:21:11 PM
Roadmap developed for online storage management of food grains: FCI The Department of Food and Public Distribution, under the Consumer Affairs, Food and Public Distribution Ministry, and its principal agency, Food Corporation of India (FCI), on Friday said a roadmap has been developed to roll out Online Storage Management (OSM) in the country. The OSM envisages putting in place a single source of information for the food grains stored in the country for central pool through integrating state portals with the central portal. The Department "strives ...
Roadmap developed for online storage management of food grains: FCI
Roadmap developed for online storage management of food grains: FCI
Source: IANS
22/01/2022 1:45:12 PM
'Tamil Nadu should do data analysis of PMGKAY beneficiaries' Tamil Nadu should carry out data analysis to ensure all the beneficiaries of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme get their due share, said a top official of the Department of Food and Public Distribution. He also said the assets of Food Corporation of India (FCI) should be utilised to the optimum level under the Asset Monetisation scheme of the Central government. Holding a review meeting with the Tamil Nadu officials on Monday, Sudhanshu Pandey, Secretary, Departmen...
'Tamil Nadu should do data analysis of PMGKAY beneficiaries'
'Tamil Nadu should do data analysis of PMGKAY beneficiaries'
Source: IANS
4/01/2022 10:19:49 AM
FCI to do away with open storage completely by March 2022 The Food Corporation of India (FCI) on Thursday declared that it would do away with open storage completely and go for only CAP (covered and plinth) storage by March 2022. There have been numerous cases across India where large number of foodgrains have been destroyed after exposing to elements, especially rains, as the food stocks were stored in the open by FCI after procurement. The statutory body said it augmented storage capacity by 69 lakh metric tonnes (LMT) capacity (which includ...
FCI to do away with open storage completely by March 2022
FCI to do away with open storage completely by March 2022
Source: IANS
31/12/2021 9:16:03 AM
Telangana focussing on alternative crops With the Food Corporation of India (FCI) deciding not to procure paddy in 'Yasangi' (summer) season, authorities in Telangana are urging farmers to go for alternative crops. Telangana Chief Secretary Somesh Kumar has urged the seed companies to procure and stock adequate quantities of seeds for alternative crops like pulses and oil seeds. Kumar on Sunday held a meeting with seed companies as per the instructions of Chief Minister K. Chandrasekhar Rao. Representatives of 36 seed ...
Telangana focussing on alternative crops
Telangana focussing on alternative crops
Source: IANS
25/10/2021 9:38:58 AM
Punjab estimates procuring 130 lakh metric tonnes wheat The procurement of wheat in Punjab will begin from April 10 with an estimate to procure 130 lakh metric tonnes, state Food and Civil Supply Minister Bharat Bhushan Ashu said on Thursday. Procurement agencies, including the Food Corporation of India (FCI), would procure it on the minimum support price (MSP) of Rs 1,975 per quintal. The Minister said the state has increased procurement centres from 1,872 to 4,000 to check the spread of coronavirus. As per the directions of the Union go...
Punjab estimates procuring 130 lakh metric tonnes wheat
Punjab estimates procuring 130 lakh metric tonnes wheat
Source: IANS
9/04/2021 9:25:37 AM