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LATEST NEWS UPDATES | What does dwindling central wheat stock mean for prices and production? -Krishna Veera Vanamali

What does dwindling central wheat stock mean for prices and production? -Krishna Veera Vanamali

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published Published on Jul 18, 2022   modified Modified on Jul 21, 2022

-Business Standard

The wheat stocks in the Central pool have dropped close to the minimum required levels because of lower procurements. What does this mean for the grain's prices and production?

As global wheat prices scaled record highs this year, in part due to the Russia-Ukraine war, bread-makers in India turned to multiple price increases. Today, a loaf of sliced brown bread costs Rs 50 while multi-grain bread costs Rs 65.

This is set to go up further.

India’s wheat stock in the central pool has fallen to barely over the buffer norms.

The Food Corporation of India, which maintains stocks of wheat and rice in the central pool, is required to maintain a minimum quantity of the grains at the beginning of each quarter to take care of operational requirements and exigencies at any point of time.

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Business Standard, 18 July, 2022, https://www.business-standard.com/podcast/economy-policy/what-does-dwindling-central-wheat-stock-mean-for-prices-and-production-122071800088_1.html


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