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…
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…
The Government stated that the stock positions of wheat and rice are at favorable levels on Wednesday. In April, the level will exceed the buffer stock ceilings. However, compared to last month, the wholesale cost of wheat and rice is somewhat higher this month. As of November 15, according to Union Food Secretary Sanjeev Chopra,…
As more farmers plan to plant the cereal in light of a bullish market, prices of wheat seeds have jumped by more than 10% this year. When compared to the previous year, wheat seeds are selling for over $3,500 per quintal. Breeder seeds purchased from universities cost about 7,000 rupees, according to Sunil Mukhati, a…
During the first month of the current procurement season (October–September), rice procurement climbed by 12% to 114.33 lakh tonnes (lt), owing to Punjab and Haryana. Compared to the same time last year, grain purchases are up 8% in these two States. Purchases fell by 60% to 22,557 tonnes in Uttar Pradesh, the state with the…
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…
