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Centre may sell surplus wheat in small tranches to control atta prices

-Business Standard Flour millers have reportedly told the government that they have stocks for one to two months only In order to increase the availability of wheat and check the retail prices of atta (flour), the government may soon sell its surplus wheat in different states in small tranches. According to a report in the Times of India (TOI), flour millers have told the government that they have stocks for one to...

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Rabi MSP sends wrong signals -Nilanjan Ghosh

-The Hindu Business Line Millets such as ragi deserve higher support prices as they are important for nutrition and water efficiency  The CACP recommendations on Minimum Support Prices (MSP) for the mandated six Rabi crops — wheat, barley, gram, lentil, rapeseed and mustard, and safflower — are arrived by considering several factors. These include the cost of production, supply and demand situation of various crops in domestic and global markets, domestic and world...

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Will the government’s MSP calculations hold? -Roshan Kishore

-Hindustan Times There is good reason to ask whether the latest MSP hike will be enough to meet the government’s requirements. Open Market prices of wheat are quite high and the government has already eaten into its excess stocks. The Union Cabinet announced the minimum support price (MSP) for wheat and other Rabi (winter) crops for the 2023-24 Rabi Marketing Season (RMS) on Tuesday. For wheat, the most important Rabi crop from...

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Wheat MSP hiked by Rs 110/quintal

-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...

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Centre may sell cereals in open market to rein in prices -Zia Haq

-Hindustan Times India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb prices, food secretary Sudhanshu Pandey said on Monday. India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb...

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