In the next few days, government agencies are expected to acquire more wheat than they did the previous year 262 lakh tonnes as of Saturday. As of now, purchases have reached about 261 lakh tonnes. The total is anticipated to not meet the initial estimate of 300–310 lakh tonnes. Madhya Pradesh has extended its procurement…
“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…
The government is ramping up its Bharat brand of staples to control prices, with Nafed and NCCF tasked with procuring wheat directly from farmers, particularly in states like Bihar, Rajasthan, and eastern Uttar Pradesh where MSP benefits are often missed. This move aims to reduce reliance on FCI for wheat procurement. FCI’s role in ensuring…
The government’s wheat stock has dropped to its lowest level since 2016. Madhya Pradesh, which is the second-biggest contributor to the central pool wheat stock after Punjab, plans to purchase 8.2 million tonnes of grain during the 2024–25 rabi marketing season (April–June). In the preceding marketing season (2023–24), Madhya Pradesh made a total procurement drive…
With a peak sale of 0.48 in the weekly e-auction for bulk buyers, the government’s open market sale scheme (OMSS) of wheat from the Food Corporation of India (FCI) storage on Wednesday exceeded a record 8.48 million tonne. The wheat stock at FCI is at 11.93 , the lowest since 2016.Based on an assessment, the…
The food ministry on Friday requested that traders, wholesalers, retailers, large chain shops, and milers around the states reveal stock positions within a week in order to stop speculation and a jump in rice prices. “The domestic prices of rice are increasing despite a good crop this kharif, ample stocks with Food Corporation of India…
FCI expressed concern on Friday over the rising price of rice, stating that PDS rice is “extremely” good quality and advising traders to purchase the grain through the Open Market Sale Scheme (OMSS) to increase domestic supply and limit price increases. The Food Corporation of India (FCI) raised the bid quantity to 2,000 tons per…
This year, the government has sold 3.04 million tonnes (MT) of wheat to bulk buyers through the Food Corporation of India (FCI) under the open market sale system (OMSS) in an effort to lower prices. The government wants to increase domestic supplies by selling 10 MT of wheat through OMSS by March 31, 2024. By…
The government will soon sell 4 lakh tonnes of wheat and 5 lakh tonnes of rice from buffer stock to bulk buyers and dealers in the first round of auctions, despite the growing retail prices of commodities. These steps are a part of the Center’s comprehensive effort to reduce the rate of increase in the…
The deadline for Telangana to mill rice to order and deliver it to the central pool for the kharif season of 2021–2022 has not been extended by the center. The deadline for processing rabi paddy from the season of 2021–22 has been extended, though. In order to keep up with the increased procurement, it has…
