-ThePrint.in Wheat stocks are half of where they stood in October 2021. Public stocks of rice are nearly double stocking norm, but price outlook depends on actual harvest this season. New Delhi: Despite the unabated rise in food prices, which drove retail inflation to a five-month high of 7.41 per cent in September, there is limited legroom for the government to intervene in the market by selling public stocks to cool prices. Data...
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Govt to soon rope in private players for foodgrains procurement: Food secy
-PTI/ Business Standard "We have written to states that the government wants to bring private sector in the procurement process besides FCI and state agencies," food secretary Sudhanshu Pandey said. The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said on Monday. He informed that the Union food ministry has already written to all the...
More »Cereal inflation likely to offset disinflationary forces, say experts -Sanjeeb Mukherjee
-Business Standard There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India Wheat prices in some markets have touched Rs 2,522 a quintal and cereal inflation is expected to remain sticky in the months ahead due to low wheat stocks in central granaries. Nomura India in a report said lower rice output will put pressure on domestic rice...
More »'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'
-PTI/ Business Standard The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm. The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm. In a written reply to Rajya Sabha, Food...
More »What does dwindling central wheat stock mean for prices and production? -Krishna Veera Vanamali
-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...
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