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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...

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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...

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Can Modi Govt Handle Approaching Wheat Crisis? -Subodh Varma

-Newsclick.in Production has dipped for the first time in the Modi era and procurement has plummeted, bringing wheat stocks down and affecting foodgrain-based schemes. The Narendra Modi-led Central government is going to be confronted with a crisis that it has never faced yet – shortage of wheat, one of India’s key staples. The worry about this looming cloud is aggravated by the fact that the Modi government has not been particularly successful...

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Food price inflation could have been avoided, says new IPES-Food report

-International Panel of Experts on Sustainable Food Systems (IPES-Food)   How the failure to reform food systems has allowed the war in Ukraine to spark a third global food price crisis in 15 years, and what can be done to prevent the next one. With the invasion of Ukraine sparking a third food price crisis in 15 years, a new IPES-Food special report, ‘Another Perfect Storm?’ takes stock of the critical factors fanning...

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'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win and Margot Gibbs

-TheWire.in An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour.  New Delhi/London/Rome: Food prices have climbed to unprecedented levels in recent months, adding to an already precarious food security situation in large parts of the developing world. Nearly 200 million people already faced acute food insecurity in 2021, almost double the figure from 2016, according to a United Nations report released Wednesday.   The report blamed the...

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