According to the food ministry, the government has set a cautious objective for the purchase of wheat during the 2024–25 rabi marketing season, which is in the region of 30-32 million tons. Despite the Ministry of Agriculture’s hopes for a record wheat production of 114–115 million tonnes in the 2023–24 crop year (July–June), the lower…
The government on Thursday cut in half the maximum amount of wheat that traders, wholesalers, large retailers, and processors could store in stock while extending the restrictions until March 31, 2024, in an effort to increase wheat supplies and discourage hoarding. Up until the end of the current fiscal year, stock holding limits for wheat…
Even though the take-in increased to 96% from 94% the previous week, the average price of wheat in the Food Corporation of India (FCI) e-auction on Wednesday remained steady, indicating that demand will stay strong till the new crop starts arriving around mid-March. Since it began selling wheat on June 28 to increase the amount…
The government anticipates a strong rabi crop this year, with yields reaching an all-time high of 114 million tones, despite worries about wheat inventories falling to a seven-year low. This allays worries that a grain scarcity might drive up retail costs. Wheat prices have been high for over a year, although they have somewhat decreased…
The agriculture minister, predicts that the nation will produce a significant amount of wheat this year due to increased coverage. The principal rabi (winter) crop, wheat, was sown in October and is already fully grown. The top three states with the most area covered by wheat are Uttar Pradesh, Madhya Pradesh, and Punjab. “As per…
The government said on Thursday that, as part of its efforts to control retail prices by dumping food grains on the open market, it has sold 2.84 lakh tons of wheat and 5,830 tons of rice from its buffer stock to 2,334 bidders through an electronic auction. 3 lakh tons of wheat and 1.79 lakh…
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…
Due to increased demand for major holidays, tight supply, and the fact that import taxes prevent domestic flour mills from purchasing wheat abroad, Indian wheat prices soared to an eight-month high on Tuesday. In order to boost supplies and regulate prices in front of crucial state assembly elections and a general election next year, the…
The Center has dispatched a team to Punjab and Haryana to inspect the quality of wheat arriving at terminal markets (mandis) and procurement centers. It is possible that the Center would reduce the requirements for obtaining the cereal in the two States for the Central pool stocks. Before Monday, a decision to ease procurement standards…
The crop quality has been negatively impacted by unseasonal rainfall and hailstorms in major wheat-producing states, but the output is not expected to be reduced, according to experts and dealers. According to S Pramod Kumar, CEO of Sunil Agro, the rains dulled the new crop, but there was no appreciable reduction in output. He claimed…
