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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The government has set a modest aim of 30-32 million tons of wheat procurement for the 2024–2025 season

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…

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Government target sales of 10 grains by the following month in order to bring down prices, with wheat sales at a record 8.48

With a peak sale of 0.48 in the weekly e-auction for bulk buyers, the government’s open market sale scheme (OMSS) of wheat from the Food Corporation of India (FCI) storage on Wednesday exceeded a record 8.48 million tonne. The wheat stock at FCI is at 11.93 , the lowest since 2016.Based on an assessment, the…

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The government tightens wheat stock regulations in order to increase supply holding limits

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…

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