-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...
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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...
More »Should India Stop Wheat exports To Feed Its Poor? -Kamalika Ghosh
-Outlook India Better prices luring Indian farmers to sell their produce to private traders for sale in the global markets. Should India need to worry? One man’s loss is another man’s gain. And here, in a rare circumstance, the Indian farmers seem to be on the gaining side. First, the Centre had to bow in front of the community and revoke its three farm laws, and now, because of the Russia-Ukraine war,...
More »Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia -Aniruddha Dhar
-Hindustan Times India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...
More »‘Temporary ban on cotton exports likely’ -Ravi Dutta Mishra
-Livemint.com Cotton prices have touched ₹90,000 per candy. Prices of some varieties of have touched ₹100,000 per candy The Union government may impose a temporary ban on cotton exports if cotton prices continue to surge, textiles secretary Upendra Prasad Singh told Mint. The statement comes at a time when the Indian textile Industry is reeling under a spike in cotton and yarn prices, impacting production and exports. Cotton prices have doubled in barely...
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