News

521 LMT rice estimated for procurement during forthcoming kharif season  A quantity of 521.27 lakh metric tonnes (LMT) of rice has been estimated for procurement during the forthcoming kharif season of 2023-24 as against the previous year estimates of 518 LMT, wherein 496 LMT was actually procured during last kharif season of 2022-23. A quantity of 33.09 LMT of coarse grains or millets has also been estimated for procurement by the states during the 2023-24 season as against actual procurement of 7.37 LMT during last season. This was discussed during a...
521 LMT rice estimated for procurement during forthcoming kharif season
521 LMT rice estimated for procurement during forthcoming kharif season
Source: IANS
23/08/2023 2:07:44 PM
India considers wheat imports from Russia at discount to calm prices India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. "The government is exploring the possibility of imports through private trade and government-to-government deals....
India considers wheat imports from Russia at discount to calm prices
India considers wheat imports from Russia at discount to calm prices
Source: Reuters
17/08/2023 12:51:57 PM
India to offer 5 million tons wheat to bulk consumers to cool prices India will provide 5 million metric tons of wheat and 2.5 million tons of rice to bulk consumers such as flour millers, as part of efforts to augment supplies and stabilise prices, a senior government official told reporters on Wednesday. The world's second-largest consumer of wheat and rice has been attempting to boost supplies and lower prices of both staples through a slew of measures, including banning exports of non-basmati white rice and imposing stock limits on wheat. The cou...
India to offer 5 million tons wheat to bulk consumers to cool prices
India to offer 5 million tons wheat to bulk consumers to cool prices
Source: Reuters
9/08/2023 4:29:12 PM
India wheat prices jump to 6-month high on demand, limited supply Indian wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said. The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election. Rising wheat prices could contribute to food inflation and potentially complicate the efforts of both the government and the central bank to contain inflation. ...
India wheat prices jump to 6-month high on demand, limited supply
India wheat prices jump to 6-month high on demand, limited supply
Source: Reuters
8/08/2023 4:35:53 PM
World wheat prices rise in July: FAO World wheat prices rose for the first time in nine months in July and vegetable oil prices also saw a dramatic increase, according to the United Nations Food and Agriculture Organisation (FAO). FAO said wheat prices were 1.6 per cent higher in July, their first increase since October 2022, and rice prices also surged in July, rising by 2.8 per cent to reach their highest level since September 2011, Xinhua news agency reported. Still, the overall FAO sub-index for grains and cereals slip...
World wheat prices rise in July: FAO
World wheat prices rise in July: FAO
Source: IANS
5/08/2023 9:27:13 AM
Government may cut import duty on wheat to curb rising prices The government is likely to slash the import duty on wheat due to rising domestic prices of the staple commodity, official sources said.  Wheat prices have gone up to Rs 2,500 per quintal and with the festival season round the corner, if the government cuts duty now, then it will take imported wheat around 30 to 40 days to reach India, and the landing cost would then be equal to Rs 2,500 per quintal, sources said.  In June, the government had imposed stock limit on wheat to br...
Government may cut import duty on wheat to curb rising prices
Government may cut import duty on wheat to curb rising prices
Source: IANS
5/08/2023 9:00:42 AM
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
Despite imposition of stock limit, wheat prices see percentage rise Despite the Centre having imposed stock limit on wheat to control its price rise earlier this month, there has been a percentage increase in its prices in the last 10 days, which may make common man's meal costlier. The Central government had imposed a stock limit on wheat on June 12, however its efforts don't seem to have borne much fruit. On June 7, wheat was being sold at Rs 2,302 per quintal, however, after stock limit was imposed on June 12, its prices had come down by two ...
Despite imposition of stock limit, wheat prices see percentage rise
Despite imposition of stock limit, wheat prices see percentage rise
Source: IANS
23/06/2023 12:08:15 PM
India approves wheat, broken rice exports requests from 4 countries India has decided to approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the government said in two separate notifications issued late on Tuesday. The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1. New Delhi also approved reques...
India approves wheat, broken rice exports requests from 4 countries
India approves wheat, broken rice exports requests from 4 countries
Source: Reuters
21/06/2023 12:20:37 PM
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
Wheat, rice procurement enough to 'comfortably meet food grains requirements' Wheat procurement during the ongoing Rabi season touched 262 lakh metric tonnes (LMT) till May 30, surpassing last year's total procurement of 188 LMT by 74 LMT, according to official data. About 21.27 lakh farmers have already benefitted from the ongoing wheat procurement operations with the MSP outflow of about Rs 47,000 crore. Major contribution in the procurement has come from three procuring states of Punjab, Madhya Pradesh and Haryana with procurement of 121.27 LMT, 70.98 LMT and...
Wheat, rice procurement enough to 'comfortably meet food grains requirements'
Wheat, rice procurement enough to 'comfortably meet food grains requirements'
Source: IANS
1/06/2023 7:25:39 PM
Over 125.57 lakh metric tons wheat procured in Punjab  More than 125.57 lakh metric tons wheat has been procured in Punjab, state Minister for Food, Civil Supplies and Consumer Affairs, Lal Chand Kataruchak said on Tuesday. He ordered closure of wheat procurement operations that started on April 1 in the state from May 26. The minister said that 121.07 lakh metric tons has been procured by government procurement agencies, and nearly 4.5 lakh metric tons by private traders. A total of Rs 24,693 crore have been paid as minimum support p...
Over 125.57 lakh metric tons wheat procured in Punjab
Over 125.57 lakh metric tons wheat procured in Punjab
Source: IANS
24/05/2023 8:53:51 AM
India`s wheat procurement set to fall below estimate by 20% NEW DELHI/MUMBAI  - India's wheat procurement in 2023 could fall by a fifth from the initial estimate as government purchases have slowed down in the last few days after local prices jumped, government officials and traders told Reuters. Lower than expected purchases by the world's second biggest wheat producer could limit New Delhi's ability to intervene in the market to calm prices, which hit a record high earlier this year. "Wheat procurement might end up this y...
India`s wheat procurement set to fall below estimate by 20%
India`s wheat procurement set to fall below estimate by 20%
Source: Reuters
22/05/2023 7:32:08 PM
Around 250 LMT of wheat procured during current Rabi season The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24). According to estimates released by the Department of Food and Consumer Affairs, the current wheat procurement crossed last year's total procurement of 188 LMT. More than 20 lakh farmers have benefitted from the current season's procurement, with more than Rs 47,000 crore payment of minimum support price (MSP). The Food Corporation of India along with ot...
Around 250 LMT of wheat procured during current Rabi season
Around 250 LMT of wheat procured during current Rabi season
Source: IANS
11/05/2023 9:24:24 AM
105 lakh metric tons wheat procured in Punjab, surpass last year's total Wheat arrivals in Punjab on Friday crossed 105 lakh metric tons, surpassing the last year total arrival of 102.7 lakh MT wheat. More than 100 lakh MT has already been purchased by government agencies, Food, Civil Supplies and Consumer Affairs Minister Lal Chand Kataruchak said. He said 4.5 lakh MT wheat arrived in the mandis on Friday and with this trend, the total procurement of wheat will be at least 20 lakh MT more than the previous season. Expressing satisfaction at MSP payments ...
105 lakh metric tons wheat procured in Punjab, surpass last year's total
105 lakh metric tons wheat procured in Punjab, surpass last year's total
Source: IANS
29/04/2023 9:10:20 AM
Indian wheat procurement gains pace, jumps above last year`s buying  The Indian state has procured more wheat so far in the current marketing year than total purchases made in the previous year, two government officials said on Friday. Higher procurement will help the world's second biggest wheat producer bring down wheat prices, which jumped to a record high earlier this year and lifted food inflation. Wheat procurement jumped to 19.5 million tonnes as of April 26th, above the more than 18.8 million tonnes procured last year, said a senior gov...
Indian wheat procurement gains pace, jumps above last year`s buying
Indian wheat procurement gains pace, jumps above last year`s buying
Source: Reuters
28/04/2023 2:41:25 PM
54 lakh metric tons wheat procured in Haryana Haryana Deputy Chief Minister Dushyant Chautala on Monday said more than 54 lakh metric tons wheat has been procured in the state and Rs 5,800 crore has been paid directly to the farmers in their bank accounts. He said that in the next two days, Rs 9,000 crore will be deposited in the accounts of the farmers after the procurement. The Deputy Chief Minister said the procurement of wheat was started on April 1 and so far, 54 lakh metric tons has been procured and there is a possibility of...
54 lakh metric tons wheat procured in Haryana
54 lakh metric tons wheat procured in Haryana
Source: IANS
25/04/2023 9:16:21 AM
Punjab transfers Rs 502.93 crore into bank accounts of wheat growers The Punjab government transferred Rs 502.93 crore directly into bank accounts of 19,642 farmers in a single day on Friday as the amount of minimum support price (MSP) at the rate of Rs 2,125 per quintal for procuring wheat, state Food and Civil Supplies Minister Lal Chand Kataruchak said. He said no value cut has been imposed on the farmers. As on Friday, eight lakh metric tons (LMT) of wheat has been procured by government agencies. Arrangements to ensure smooth procurement operations ...
Punjab transfers Rs 502.93 crore into bank accounts of wheat growers
Punjab transfers Rs 502.93 crore into bank accounts of wheat growers
Source: IANS
15/04/2023 8:44:39 AM
Wheat export ban to stay to ensure domestic supplies, check inflation, says Piyush Goyal The wheat export ban imposed by India in May last year to ensure adequate domestic supplies, will continue in order to keep a check on price rise and meet demands, Commerce and Food Minister Piyush Goyal said on Thursday. Speaking to media persons in Rome, where he is currently on an official visit, Goyal noted that wheat procurement has begun and initial figures related to buying are "very satisfactory". He expressed hope that despite unseasonal rains, the harvest will be goo...
Wheat export ban to stay to ensure domestic supplies, check inflation, says Piyush Goyal
Wheat export ban to stay to ensure domestic supplies, check inflation, says Piyush Goyal
Source: IANS
14/04/2023 8:53:11 AM
World food prices fall for 12th month running in March - FAO The United Nations food agency's world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia's invasion of Ukraine. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 126.9 points last month against 129.7 for February, the agency said on Friday. It was the lowest reading since July 2021. The February reading was originally give...
World food prices fall for 12th month running in March - FAO
World food prices fall for 12th month running in March - FAO
Source: IANS
7/04/2023 2:07:41 PM
Punjab hikes wheat crop relief by 25% per acre  The Punjab Cabinet led by Chief Minister Bhagwant Mann on Friday gave nod for hiking the compensation due to unseasonal rains by 25 per cent per acre. A decision to this effect was taken by the Council of Ministers at its meeting held here. A spokesperson for the Chief Minister's Office said keeping in view the loss incurred by the farmers due to rains, the Cabinet decided to enhance the relief amount from Rs 12,000 per acre to Rs 15,000 per acre for 76-100 per cent for loss o...
Punjab hikes wheat crop relief by 25% per acre
Punjab hikes wheat crop relief by 25% per acre
Source: IANS
1/04/2023 8:57:49 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
Wheat production estimated at 112.18 million tonnes in 2022-23 Wheat production in agriculture year 2022-23, as per the Second Advance Estimates, is estimated at 112.18 million tones which is higher by 4.44 million tonnes than the production achieved during 2021-22, the Parliament was told on Tuesday. Agriculture and Farmers Welfare Minister Narendra Singh Tomar also told the Lok Sabha in a written reply that at present, there is no proposal for lifting restriction on export of wheat. "During the current fiscal year (upto January, 2023),Rs 11,...
Wheat production estimated at 112.18 million tonnes in 2022-23
Wheat production estimated at 112.18 million tonnes in 2022-23
Source: IANS
15/03/2023 8:51:42 AM
11.88 LMT wheat sold under 5th round of auction A total quantity of 11.88 lakh metric tonnes of wheat has been sold in the fifth round of auction which was conducted on Thursday. After the fifth round of e-auction, the cumulative sales of wheat in open market has touched 28.86 LMT against the overall allocation of 45 LMT. The sale has brought significant effect in cooling down the price of wheat and atta all over the country. The next e-auction would be conducted on March 15 and in view of the start of wheat procurement period fro...
11.88 LMT wheat sold under 5th round of auction
11.88 LMT wheat sold under 5th round of auction
Source: IANS
10/03/2023 5:42:58 PM
India's wheat output dented by heatwave, could limit government stock building A heatwave in northern and central India at a time the crop is ripening is threatening to damage grains and dent the country's wheat production for the second straight year. The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world's second biggest producer of the grain to allow imports after banning exports last year. "Winter hasn't ended yet, but during the day temperatures rise like summer," said Rameshwa...
India's wheat output dented by heatwave, could limit government stock building
India's wheat output dented by heatwave, could limit government stock building
Source: Reuters
3/03/2023 2:38:37 PM
5.40 LMT wheat sold in fourth round of auction A total of 5.40 lakh metric tonne (LMT) of wheat was sold to 1,049 bidders in 23 states under the fourth e-auction which took place on Wednesday. Till the third e-auction, 18 LMT of wheat stock had been sold against which 14.35 LMT had been lifted as on February 28, 2023, official sources said. After Wednesday's auction, the cumulative quantity of wheat sold under the open market scheme stood at 23.47 LMT against the overall allocation of 45 LMT. The sale has significantly brough...
5.40 LMT wheat sold in fourth round of auction
5.40 LMT wheat sold in fourth round of auction
Source: IANS
2/03/2023 9:38:45 AM
Government has sold 18 LMT wheat in open market to scale down prices Food Corporation of India (FCI) has sold 18.05 lakh metric tonnes (LMT) of wheat in the open market through three e-auctions till date, after government decided to augment supplies last month in order to rein in rising prices of the essential commodity. Government plans to sell a total of 30 LMT wheat in the open market. About 11 LMT wheat has already been lifted by successful bidders which is available in the market. Open sale of wheat through e-auction shall take place every Wednes...
Government has sold 18 LMT wheat in open market to scale down prices
Government has sold 18 LMT wheat in open market to scale down prices
Source: IANS
24/02/2023 5:51:40 PM
Government auctions 5 lakh metric tonnes of wheat  The government on Thursday auctioned 5.07 lakh metric tonnes (LMT) of wheat, where the stocks were sold for an all India weighted average selling price of Rs 2,172 per quintal. This was the third e-auction of wheat. Out of the total quantity sold, 1.39 LMT were sold from Haryana, Punjab and Madhya Pradesh, where the weighted average of reserve price was Rs 2,135.35 per quintal and weighted average selling price was Rs 2,148.32 per quintal. The overall price trends suggest that ...
Government auctions 5 lakh metric tonnes of wheat
Government auctions 5 lakh metric tonnes of wheat
Source: IANS
24/02/2023 9:15:56 AM
India sets up panel to assess impact of higher temperatures on wheat crop India has set up a panel of officials to assess the impact of rising temperatures on the wheat crop, government officials said on Monday, as the weather office warned that above normal temperatures would prevail in key producing states. The world's second biggest wheat producer earlier this month said it's production was likely to rise 4.1% to a record 112.2 million tonnes. However, a lack of winter rains has raised temperatures in some parts of India's northern states where...
India sets up panel to assess impact of higher temperatures on wheat crop
India sets up panel to assess impact of higher temperatures on wheat crop
Source: Reuters
21/02/2023 9:02:46 AM
Dry weather in Punjab, Haryana may impact wheat crop  weather has been mostly dry over Punjab and Haryana since February 1, and this may impact the wheat crop, experts said. The dry weather is due to absence of significant 'western disturbances', or storm systems originating from Caspian Sea and moving across the Afghanistan-Pakistan region, the meteorological office here said on Sunday. Agricultural experts warned that the high temperatures and lack of precipitation may impact the wheat crop in both states, the country's...
Dry weather in Punjab, Haryana may impact wheat crop
Dry weather in Punjab, Haryana may impact wheat crop
Source: IANS
20/02/2023 9:21:34 AM
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
India to harvest record wheat, rapeseed crop in 2023 India's 2023 wheat production is likely to rise 4.1% to a record 112.2 million tonnes, the government said on Tuesday, as higher prices prompted farmers to expand crop-growing areas with high-yielding varieties and the weather remained favourable. Higher wheat output could help the world's second-biggest producer of the grain in replenishing depleted inventories and bringing down prices from record levels. India, also the world's second-biggest consumer of wheat, banned expo...
India to harvest record wheat, rapeseed crop in 2023
India to harvest record wheat, rapeseed crop in 2023
Source: Reuters
15/02/2023 9:24:32 AM
Centre to offload 30 lakh MT wheat to cool down prices With a view to cool down the rising prices of wheat and atta, the government has decided to offload 30 lakh metric tons of wheat under Open Market Disposal Scheme (OMSS) and sales to state governments, Kendriya Bhandar, National Consumer Cooperative Federation (NCCF), National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), State Cooperatives/ Federations etc., to cool down the prices of wheat and atta. Union Minister of State for Consumer Affairs, Food and Public Dist...
Centre to offload 30 lakh MT wheat to cool down prices
Centre to offload 30 lakh MT wheat to cool down prices
Source: IANS
11/02/2023 11:58:01 AM
India's wheat planting remains steady despite record high prices MUMBAI - India's wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday. A lower-than-expected planting area in the world's second biggest wheat producer may cap an expected rise in production, after output fell last year because of a heatwave that forced New Delhi to ban exports amid limited su...
India's wheat planting remains steady despite record high prices
India's wheat planting remains steady despite record high prices
Source: Reuters
6/02/2023 2:21:33 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
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
More than 49,000 rakes of foodgrains loaded in last 3 years  A total of 49,111 rakes of foodgrains, with an approximate quantity of 1,375 lakh metric tonnes, have been loaded from March 24, 2020 to January 26, 2023. This is 17 per cent higher than the number of rakes moved during the corresponding period of March 24, 2019 to January 26, 2022, according to data released by the Department of Food and Public Distribution. During the ongoing kharif marketing season 2022-23, 84.04 lakhs farmers benefitted with the MSP value of Rs 1,31,002.57 cro...
More than 49,000 rakes of foodgrains loaded in last 3 years
More than 49,000 rakes of foodgrains loaded in last 3 years
Source: IANS
28/01/2023 9:50:00 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
Indian wheat hits fresh record high on delay in stock release Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year's lower crop, dealers and farmers said. India, the world's second biggest producer of wheat, banned exports in May 2022 after a sudden rise in temperatures clipped output, even as exports picked up to meet the global shortfall triggered by Russia's invasion of Ukraine. ...
Indian wheat hits fresh record high on delay in stock release
Indian wheat hits fresh record high on delay in stock release
Source: Reuters
24/01/2023 9:34:07 AM
India considering measures to cool high wheat prices -Goverment official  India has been considering measures to cool domestic wheat prices, which jumped to a record high this week as supplies dwindled, Food Secretary Sanjeev chopra said on Thursday. The world's second-biggest producer of the grain banned wheat exports in May, but that has failed to stop domestic prices from rising.
India considering measures to cool high wheat prices -Goverment official
India considering measures to cool high wheat prices -Goverment official
Source: Reuters
20/01/2023 11:08:43 AM
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India' The Covid-19 pandemic is a leveller with the poor being protected through food transfers and other support measures while there was a decline in the income of the rich, said a top economist of State Bank of India (SBI). In a research report, Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, citing a study (Gupta et.all, NBER, Dec 2021) said in India innequality declined during the pandemic. "In fact, the NBER study concludes that there was decline in income of the rich att...
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
Source: IANS
9/01/2023 3:18:48 PM
India government to take final call on selling wheat in open market in 10 days The Indian government is considering selling 2.1 million tonnes of wheat in open market to control food inflation and a final decision will be taken in the next 10 days, two government officials told Reuters on Tuesday. The intervention is being planned by the government via its open market sale programme, which it uses to sell grains at a pre-determined price. "The government will take a decision in the next seven to 10 days on the planned intervention," said one of the two o...
India government to take final call on selling wheat in open market in 10 days
India government to take final call on selling wheat in open market in 10 days
Source: Reuters
3/01/2023 4:29:04 PM
India set to offer wheat to flour millers, biscuit makers to tame prices India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years. Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output. A jump in exports following Russia's invasion of Ukraine also pushed up local wheat prices, prompting India, the world's se...
India set to offer wheat to flour millers, biscuit makers to tame prices
India set to offer wheat to flour millers, biscuit makers to tame prices
Source: Reuters
19/12/2022 6:03:07 PM
Punjab ranks second in average monthly income per agricultural household: Centre Punjab ranks second in the country in average monthly income per agricultural household. This fact came to light in a data provided by Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar in the ongoing session of Rajya Sabha. The minister was replying to a question by Aam Aadmi Party's Rajya Sabha member Sanjeev Arora. As per information, Meghalaya tops across the country with average monthly income per agricultural household (Rs 29,348). Punjab (Rs 26,701) is ...
Punjab ranks second in average monthly income per agricultural household: Centre
Punjab ranks second in average monthly income per agricultural household: Centre
Source: IANS
17/12/2022 4:42:44 PM
Sufficient foodgrain stocks under central pool, says Centre The central government has said that it has sufficient foodgrain stocks under the central pool to meet the requirement of National Food Security Act (NFSA) and for additional allocation of Pradhana Mantri Garib Kalyan Anna Yojana (PMKAY). Official sources said that about 159 lakh metric tonnes (LMT) of wheat will be available as on January 1, 2023, which is well above the buffer norm requirement of 138 LMT of January 1. As on December 12, around 182 LMT of wheat was available in the cen...
Sufficient foodgrain stocks under central pool, says Centre
Sufficient foodgrain stocks under central pool, says Centre
Source: IANS
15/12/2022 2:37:54 PM