In order to prevent foodgrain hoarding and maintain price stability, the center has set a restriction on the amount of wheat that retailers, wholesalers, processors, and large chain retailers may retain on hand as of Monday, according to a senior official. Every Friday, processors, distributors, big-box stores, and individual retailers will reveal their wheat inventories,…
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 increase in maximum temperatures would not affect the harvest-ready wheat crop, the IMD (India Meteorological Department) stated on Monday. Extreme heat is anticipated to hit India from April to June, with the central and western peninsular regions bearing the brunt of the impact, according to the IMD Director. He stated that there is no…
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…
