The central government has stated that it will take action to assure the supply of wheat in the market and maintain its price under control, even as warnings that the price of the grain would continue to firm up in the lead-up to Diwali. Food and Public Distribution Secretary Sudhanshu Pandey said on Monday that…
At the beginning of this month, wheat inventories in the central pool owned by the Food Corporation of India (FCI) and state agencies fell to 25 million tonnes (mt), the lowest level since 2008. In comparison to the buffered standard of 20.5 mt, estimations indicate that by October 1 the wheat stock will be about…
Despite concerns over production, the government set the estimated amount of rice it will purchase for the central pool at 518 lakh tonnes (LT), an increase of 1.60 percent from the previous year. In a meeting presided over by Union Food Secretary Sudhanshu Pandey here, the estimates were finalized following discussions with state food secretaries…
The central government on Sunday ruled out any move to import wheat and said there is enough wheat stock to meet domestic demand as well as for public distribution. The government last week estimated wheat production to have decreased almost 3% to 106.84 million tonnes (MT) in the 2021-22 crop year (July-June). The drop in…
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)…
