-TheNewsMinute.com The Union government’s wheat procurement is set to decline by more than half to 19.5 million tonnes in the current rabi marketing year amid higher exports and likely fall in output. The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13% increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta...
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Can Modi Govt Handle Approaching Wheat Crisis? -Subodh Varma
-Newsclick.in Production has dipped for the first time in the Modi era and procurement has plummeted, bringing wheat stocks down and affecting foodgrain-based schemes. The Narendra Modi-led Central government is going to be confronted with a crisis that it has never faced yet – shortage of wheat, one of India’s key staples. The worry about this looming cloud is aggravated by the fact that the Modi government has not been particularly successful...
More »Indian farmers benefit from a sharp increase in exports; government cuts procurement for welfare programmes - PK Krishnakumar
-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...
More »Wheat Crisis: Centre to procure half of what it procured last year; stops procurement in Punjab -Raju Sajwan
-Down to Earth Current circumstances could lead to a reddux of 2006-07, when wheat had to be imported The Centre announced May 4, 2022, that it would procure only 19.5 million tonnes (MT) of wheat in 2022-23, about 56 per cent less than the target decided for this year. It also announced that government procurement of wheat in Punjab would stop from May 5. The reason given was the lesser amount of wheat...
More »UN agency in talks with India on wheat procurement amid Ukraine war
-PTI/ The Hindu World Food Programme report talks of a three-dimensional crisis — food, energy and finance The United Nations’ World Food Programme (WFP) has said that it is in discussions with India on procurement of wheat as several countries face food security challenges amid the Ukraine war. “We are in discussions with India on procurement of wheat. So, that is something which is ongoing,” the WFP’s Chief Economist Arif Husain said at...
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