The Print In compounds outside wheat mandis across Punjab, gunny bags full of golden grain are piled up in huge quantities. Less than a month into the procurement season, the state has already contributed more than 100 lakh metric tonnes (LMT) of wheat in 2023-24 to the central government’s reserves. Haryana and Madhya Pradesh are the next big contributors with around 55 LMT and 50 LMT, respectively. Earlier this year, unseasonal rains...

Milk prices are expected to remain high this summer due to tight demand-supply balance and high input costs, said Reserve Bank of India (RBI) Governor Shaktikanta Das at the first bi-monthly monetary policy of 2023 on Thursday. “Milk prices could remain firm due to high input costs and seasonal factors,” said Das. The RBI’s observation comes a day after reports stated that the government was mulling import of dairy products this...

Livemint Wheat prices have started climbing again despite the government launching open market operations to reain in prices of the crucial commodity due to the unseasonal rains in key what-producing states. Wheat prices had shot up by 15% in 2022 accoding to the Ministry of Consumer Affairs, Food & Public Distribution, even before the OMOs. This comes as retail inflation continues to hover above the Reserve Bank of India's upper tolerance level,...

Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food price inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...

Maharashtra farmers had taken out a foot march from Nashik to Mumbai in protest over onion prices. On Saturday one 58 year old farmer who had attended the foot march died at Shahapur police station in Thane district, informed the All India Kisan Sabha state general secretary Ajit Nawale. The Maharashtra farmers announced on Saturday that they have called off the march following assurance from the state government and the centre....