-Newsclick.in …while the government continues to remain clueless. By the end of June, wheat and flour prices were on fire with an incredible 10% inflation rate, according to the latest data available with the ministry of statistics and programme implementation (MoSPI). That means prices were 10% higher than in June last year. Just six months ago, in January, the inflation rate for wheat was 5.1%—uncomfortable but not yet lethal. This devastating rise...
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Govt mulling various steps to rein in wheat prices -Subramani Ra Mancombu and Prabhudatta Mishra
-The Hindu Business Line Food Secretary tells millers the Centre may release stocks under OMSS or lower import duty Taking a serious view of the 10 per cent surge in wheat prices since June-end, the Centre is considering various measures to bring down the prices—from releasing the cereal under the open market sale scheme (OMSS) for user industries to lowering the import duty to zero. Please click here to read more. ...
More »Maharashtra farmers threaten to stop onion supplies from Aug 16 demanding better prices
-The Hindu Business Line Growers’ body seeks ₹25, says they are unable to recover production costs Maharashtra farmers, led by the State Onion Growers’ Association, have threatened to stop bringing onion to the agricultural produce marketing committee (APMC) yards from August 16, if they don’t get an average price of ₹25 per kg for their produce. Maharashtra State Onion Growers’ Association President Bharat Dighole said in a statement on Monday: “For the past...
More »India’s ‘wheat waiver’ WTO demand is risk-fraught -Prabhash Ranjan
-The Hindu Such a stand will dilute its core agenda of pushing for a permanent solution to public stockholding for food security One of the cardinal demands of India in the World Trade Organization (WTO) — and rightly so — has been to find a permanent solution to the issue of public stockholding (PSH) of food to protect India’s food security (PSH policy). India’s PSH policy is based on procuring food from...
More »No respite for common man? After wheat and flour, now prices of maida soar -Harpreet Bajwa
-The New Indian Express The market buzz is that at Kandla port in Gujarat, from where maida is traded abroad, the price has touched around Rs 3,000 per quintal. CHANDIGARH: The prices of maida (refined wheat flour) are soaring due to escalating international prices following the Ukraine conflict. The result is bakery products such as bread and biscuits could be costlier soon. Sources said the price of wheat has touched Rs 2,350 per...
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