-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...
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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...
More »Does India have enough rice for welfare schemes and ethanol? What the govt is missing -Siraj Hussain
-ThePrint.in Procurement of rice stocks has seen a significant increase. But India is seeing deficient rains and increase of ethanol distilleries. The Narendra Modi government’s move to ban wheat export was followed by several other measures to conserve stocks, which were projected to deplete in 2022-23 on account of lower procurement in the Central Pool, continuation of Pradhan Mantri Garib Kalyan Anna Yojana up to September, and the possibility 5 million tonnes...
More »Buy wheat till May 31, Centre tells States
-The Hindu Extension of procurement season to benefit farmers, it says The Centre has asked wheat-producing States and union territories (UTs), whose procurement closing dates were expiring early, to keep procuring wheat till May 31, the Ministry of Consumer Affairs, Food and Public Distribution said in a statement on May 15. The extension of the wheat procurement season was “expected to benefit farmers”, the Ministry said. The Ministry had also directed the Food...
More »Centre allows 18 percent relaxation for shrivelled wheat from Punjab & Haryana; but procurement over -Harpreet Bajwa
-The New Indian Express But interestingly the procurement in both states is over. CHANDIGARH: The Centre has allowed relaxation in procurement norms for shrivelled wheat grains up to 18 per cent against the earlier specification of 6 per cent with any value cut for the Central Pool from both Punjab and Haryana. This, due to the abnormally high temperatures. A letter written on Friday by Vishwajeet Haldar, Deputy Commissioner (Storage and Research Division) in...
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