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…
Prior to deciding to sell 50 lt from the Central Pool under the open market sales scheme (OMSS), the government had expected its wheat reserves to be at 126 lakh tonnes (lt) as of April 1, 2023. The country may have roughly 90 lt of stock as of April 1, 2023, vs the buffer norm…
After the Central government banned exports on May 13 of last year, at least 1.75 lakh tonnes of wheat that had been stored in warehouses near various ports around the nation were sold on the local market. After reaching record highs, wheat prices have since fallen. “After the government forbade exports last year, at least…
