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Will intervene in market if wheat price increased abnormally: Centre

-The Hindu FCI has adequate stocks of wheat and rice, says Food Secretary Amid reports of increase in the wheat price during the festive season, the Centre said on Monday that it would intervene in the market if the price increased abnormally. Talking to reporters, Union Secretary of Food and Public Distribution Sudhanshu Pandey said sufficient stocks of wheat and rice were available in the Central pool to meet the requirement of...

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Rice and Wheat Stocks dip by 37 per cent -R Suryamurthy

-The Telegraph Monthly economic review of finance ministry says that there is no 'room for complacency on inflation front' The rice and Wheat Stocks of the central government have shrunk alarmingly by as much as 37 per cent in a year as rising food inflation signals growing shortages in the economy. Wheat and rice stocks in government-owned godowns stood at 511.36 lakh tonnes on October 1, data from the Food Corporation of India...

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More bad news after inflation hits 5-month high: Wheat Stocks at 6-yr low, ‘rice output to fall’ -Sayantan Bera

-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 eyes stern steps to check food prices -Zia Haq

-Hindustan Times The government is considering price-control measures, such as asking traders to declare their available Wheat Stocks, and a crackdown on hoarding of grains, he said. India has ample wheat for federally run welfare programmes but speculative trading has pushed up cereal prices, prompting the government to consider measures, such as disclosure of stocks by private traders, a senior official said. The Union government is watching price and stock movements closely and...

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No plan to import wheat into India, have sufficient stock, confirms govt

-Livemint.com The following confirmation from the government arrived after a LiveMint report, which – citing FCI – said that wheat reserves have declined in August to the lowest level for the month in 14 years, while wheat inflation is running at close to 12% The Department of Food and Public Distribution on 21 August confirmed that the government is not planning to import wheat from overseas. It also said that India has...

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