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-owned Food Corporation of India (FCI) announced on Monday that it has temporarily ceased selling wheat at reduced prices through electronic auctions to large groups of people, organizations, and State governments because the purchase of the new crop will start next month. In accordance with the Open Market Selling Scheme (OMSS), the FCI sold…
Agricultural produce marketing committee (APMC) yards and wholesale stores in India have seen wheat prices jump to a record high, despite October 130 arrivals reaching a 7year high. The change coincides with a 5% increase in wheat prices globally on Monday following Russia’s announcement that it was pulling out of the UN-mediated agreement to allow…
In the agriculture produce marketing committee (APMC) yards, wheat arrivals from October 1–24 reached a three-year high, while they were lower than the inflow seen during the same period last month. The arrivals at APMCs nationwide between October 1 and 24 were 6.75 lakh tonnes (lt), down from 9.1 lt between September 1 and 24….
The food ministry said on Sunday that while the prices of atta (flour) were steady over the last week, the retail and wholesale prices of wheat and rice had decreased. According to the ministry, “wheat and rice prices have increased more or less in line with the increase in the minimum support price over the…
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…
Wheat prices at key mandi all over the country are pricing around 14%-19% above the minimum support price (MSP) of Rs.2,015 a quintal for the current rabi season (2022-23), as traders are holding on to stocks in expectation of a further rise in prices in the build-up to the festive season. Traders’ action has dulled…
Wheat prices have gained 6 percent in agricultural produce marketing committee (APMC) yards across the country over the past four weeks with trade and flour millers complaining that arrivals of the cereals are meager. This has now led to demand from the user industries to ban exports of maida, which are not being used to…
