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Wheat procurement down 44% to 162 lakh tonnes till May 1 mainly on higher exports

-PTI/ Financial Express As per the latest official data, about 162 lakh tonnes of wheat have been purchased by the government agencies till May 1 of the ongoing 2022-23 Rabi marketing season (RMS). It was 288 lakh tonnes in the year-ago period. The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current Rabi marketing year on higher exports and low arrival in Punjab...

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Heatwave: Crop losses to be large; wheat and vegetables hit the most -Sandip Das

-Financial Express The third advance estimate of wheat production by the agriculture ministry is expected to be released this month. Heatwave conditions since the middle of March have caused significant damage to the standing wheat crop, especially in Punjab, Haryana, Rajasthan and Uttar Pradesh, all major producers of the staple cereal. Early estimate says that the crop damage would be of the order of 15-20 million tonne, meaning wheat output in 2021-22 crop...

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Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report

 -PTI/ Business Standard The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher...

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Glut-like situation in mandis as Punjab awaits relaxation in procurement norms -Gurpreet Singh Nibber

-Hindustan Times The situation, according to the Punjab food and civil supplies department, has arisen due to delay in the Centre’s approval to grant relaxation in the procurement norms as the crop in the current Rabi season has percentage of shriveled grain more than the permissible limit of six Chandigarh: There is a glut-like situation in the mandis and procurement centres of Punjab as at least 38 lakh tonne wheat is waiting...

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Food processing companies brace for wheat shortage -Devika Singh

-Moneycontrol.com The country is expected to face a shortfall of the cereal in the months ahead as produce in the Rabi season is expected to be below estimates, while globally, too, there is a supply crunch on account of Russia-Ukraine war. Food processing companies such as iD Fresh Food, Mrs Bector's Food Specialities and CG Corp Global are getting ready to combat a possible shortage of wheat due to the combined effects...

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