With a severe deficiency of monsoon rainfall in the eastern regions hitting paddy sowing activities, the country’s rice production for the 2022-23 crop year (July-June) may turn out to be at least 10 million tonnes (MT) less than last year’s record level of 129 MT, according to trade sources. Paddy sowing has been adversely impacted…
The decline in rice crop yields in Thailand and Vietnam and their increased costs of production may turn out to be a bonanza for India’s rice exports in this fiscal year, trade sources said. India is exporting rice at around $360 a tonne to key markets at present while Thailand and Vietnam are offering the…
India has exported 1.8 million tonnes of wheat to several countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. About 33,000 tonnes of wheat as compassionate assistance has already been supplied to Afghanistan against the commitment of 50,000 tonnes, he said. “It…
The government’s wheat procurement in the current year down by more than 54% on year to 18.65 million tonne (mt) till Tuesday. With an arrival of only around 81,000 tonne of wheat on Tuesday in mandies mostly in Uttar Pradesh and Madhya Pradesh, purchase of the grain by the Food Corporation of India (FCI) and…
The comments come on the heels of talks in the global market that after banning wheat exports and limiting sugar shipments, the Indian government could next target Non-Basmati rice. The Indian government has no plans to ban rice (Non-Basmati) exports or announce any curbs on its shipments, two officials involved in the decision making have…
The government’s wheat acquirement in the current year may be less than half the level last year, as market prices stand above the Minimum Support Price (MSP) allotted by the government. Procurement of the grain by the Food Corporation of India (FCI) and other government agencies at the MSP stood at 17.59 million tonne (mt)…
India’s rice exports would continue to see strong growth in this fiscal year(2022-23) after a record shipment of about 20 million tonne (MT) of grain worth more than $ 9.6 billion in past fiscal year(2021-22). The expectation of a ‘usual’ monsoon rains this year is expected to give a improve to rice production which is…
Wheat procurement this season as Punjab, Haryana and Uttar Pradesh recorded more procurement than arrivals at the procurement places of various Agricultural Produce Marketing Committee (APMC) mandis. The total procurement of wheat as of April 21 was 11.9 million tonnes (mt) against 17.09 mt in the year ago period, even with the fact that the…
