-PTI/BusinessToday.in The wheat procurement target has been revised downward to 195 lakh tonnes for the current year from the earlier 444 lakh tonnes due to a fall in wheat output and increased exports. The government's wheat procurement fell by 53 per cent to 182 lakh tonnes so far in the current 2022-23 marketing year compared to the year-ago period on aggressive buying by private players for export purposes, according to official sources. The...
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Devinder Sharma, a well-known trade and agriculture expert, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
More »Wheat production down, procurement less; prices of flour, bread, biscuits soar -
-The Tribune Experts urge the government to be cautious on wheat export, suggest an upper cap, say traders dictating markets New Delhi: Wheat production in the country is down due to “early summers”, the government’s procurement has reduced and the prices of ‘atta’ and byproducts like bread, rusks and biscuits are rising by the day. While the government is calling increasing exports as “beneficial” for farmers, experts are advocating “caution”, including imposing...
More »India had dropped the ball & exported excess wheat in 2004-05. Modi govt shouldn’t repeat it -Shweta Saini, Siraj Hussain, and Pulkit Khatri
-ThePrint.in In 2004-05, lack of information on private trade contracts resulted in much larger quantities of wheat exports than intended. India had to import for years to make up. It is clear by now that Indian wheat production in 2021-22 Rabi season is going to be lower than the government’s second advance estimate of 16 February 2022, of 111.32 million metric tonnes (MMTs). The moot question is by how much? Also, if...
More »Wheat procurement & lifting impacted in Punjab, 18 farmers have committed suicide so far -Harpreet Bajwa
-The New Indian Express Also this season till yesterday only 62.81 per cent of wheat has been lifted. Thus approximately eighteen farmers have committed suicide to date across the state this month alone due to low yield. CHANDIGARH: The procurement operation of wheat this season in Punjab has been impacted as till yesterday different central and state government agencies, including the Food Corporation of India have purchased only 85.98 Metric Tonnes (MT)...
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