The Centre has extended the wheat industry’s stock disclosure requirement beyond March 31.

“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…

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Initially, more government entities were permitted to directly procure wheat for Bharat Atta

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…

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Due to festival demand and a lack of supply, wheat prices in India reached an eight-month high

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…

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