-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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Cereal inflation likely to offset disinflationary forces, say experts -Sanjeeb Mukherjee
-Business Standard There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India Wheat prices in some markets have touched Rs 2,522 a quintal and cereal inflation is expected to remain sticky in the months ahead due to low wheat stocks in central granaries. Nomura India in a report said lower rice output will put pressure on domestic rice...
More »Central Pool foodgrain stocks at lowest in 5 years -Prabhudatta Mishra
-The Hindu Business Line Wheat stocks already low due to low production, concerns mounting about dip in paddy sowing Rice and wheat stock in the Central Pool, managed by the Food Corporation of India (FCI), is at a five-year low, mainly due to lower procurement of wheat. Rice stock, though above 2020 level, may deplete fast in case there is a drop in production during current kharif season as paddy transplanting has...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Govt mulling various steps to rein in wheat prices -Subramani Ra Mancombu and Prabhudatta Mishra
-The Hindu Business Line Food Secretary tells millers the Centre may release stocks under OMSS or lower import duty Taking a serious view of the 10 per cent surge in wheat prices since June-end, the Centre is considering various measures to bring down the prices—from releasing the cereal under the open market sale scheme (OMSS) for user industries to lowering the import duty to zero. Please click here to read more. ...
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