Wheat prices have stayed stubborny high in India, despite several steps by the government including an export ban and announcing open market prices. - Mint Official figures show that daily retail wheat flour (atta) prices as on 1 February were 22% higher year on year, while wholesale prices were 31% higher. Wheat prices have been inching up through 2022 after a heat wave cut production and pushed the government to ban exports...
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A welcome move: On the free grains scheme under food security law
-The Hindu The Centre’s taking up the burden for free food grain distribution in 2023 will provide relief to States The Government has decided not to extend the Pradhan Mantri Garib Kalyan Anna Yojana, (PMGKY), a scheme that ran between April 2020 to December 2022 (except for a short period in between), and provided additional allocation of food grains, i.e., rice or wheat from the central pool at five kilograms a month...
More »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...
More »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...
More »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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