-Down to Earth The full impact of the wheat ban on farmers will be known only in the next few days, say experts India’s sudden decision to ban wheat exports with immediate effect citing food security may prove costly for its farmers. Many of them have held back their crop in the hopes of getting higher prices in the coming weeks. The impact of this decision is already being seen in wheat mandis...
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Average retail price of atta up 13% from last year
-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...
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 »Govt revises wheat production estimate downwards by 5.7% to 105 mn tonnes
-PTI/ Business Standard The lowering of estimates has been attributed to "early summer" The government has revised downwards the estimate for wheat production by 5.7 per cent to 105 million tonnes in the 2021-22 crop year ending June from the earlier projection of 111.32 million tonnes, as the crop productivity has been affected due to the early onset of summer. Addressing a press conference, Food Secretary Sudhanshu Pandey said the agriculture ministry has...
More »Wheat procurement down 44% to 162 lakh tonnes till May 1 mainly on higher exports
-PTI/ Financial Express As per the latest official data, about 162 lakh tonnes of wheat have been purchased by the government agencies till May 1 of the ongoing 2022-23 rabi marketing season (RMS). It was 288 lakh tonnes in the year-ago period. The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current rabi marketing year on higher exports and low arrival in Punjab...
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