The central government on Sunday ruled out any move to import wheat and said there is enough wheat stock to meet domestic demand as well as for public distribution. The government last week estimated wheat production to have decreased almost 3% to 106.84 million tonnes (MT) in the 2021-22 crop year (July-June). The drop in…
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…
The Central government could scrap a 40 percent duty on wheat imports and cap the amount of stocks traders can hold to try to decrease record high domestic prices in the world’s second-biggest producer, government and trade officials told Reuters on Monday. The government banned wheat exports in May as the crop suffered a heatwave,…
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…
