The government may reduce import duty on wheat after six years to boost domestic supplies so that it would not have to dip into the stocks much for carrying out market intervention programme. Wheat prices in Russia are currently ruling $ 284/tonne (around Rs 2357/tonne) against the minimum support price (MSP) of Rs 2275/quintal for…
In the next few days, government agencies are expected to acquire more wheat than they did the previous year 262 lakh tonnes as of Saturday. As of now, purchases have reached about 261 lakh tonnes. The total is anticipated to not meet the initial estimate of 300–310 lakh tonnes. Madhya Pradesh has extended its procurement…
The Indian Agricultural Research Institute has introduced a new high-yielding wheat seed variant, HD 3386, which is resistant to yellow and leaf rust diseases commonly found in the northwest region of India.IARI has developed a new wheat seed variety with a productivity of 25 quintal/acre, which is higher than the currently used seed (productivity of…
Private purchase of wheat in Punjab is expected to rise this marketing season due to depletion of stocks.”Private traders are expected to purchase 0.8-1 MT this season, up from 0.45 MT last year.” Private traders procured 0.6 MT of wheat from farmers in the 2022-23 rabi marketing season in Punjab, which used to be avoided…
The increase in maximum temperatures would not affect the harvest-ready wheat crop, the IMD (India Meteorological Department) stated on Monday. Extreme heat is anticipated to hit India from April to June, with the central and western peninsular regions bearing the brunt of the impact, according to the IMD Director. He stated that there is no…
“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…
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…
The government’s wheat stock has dropped to its lowest level since 2016. Madhya Pradesh, which is the second-biggest contributor to the central pool wheat stock after Punjab, plans to purchase 8.2 million tonnes of grain during the 2024–25 rabi marketing season (April–June). In the preceding marketing season (2023–24), Madhya Pradesh made a total procurement drive…
Food grain production in the nation is expected to be roughly 154.19 million tonnes during the kharif season and 155.12 million tonnes during the rabi season in 2023–2024, according to government estimates released on Thursday. The output of Kharif rice is projected to be 111.46 million tonnes, according to the Ministry of Agriculture and Farmers’…
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…
