Page 4 - Wheat Prices

New wheat crop trickles in mandis; prices above MSP, say traders

So far, two e-auctions have been held, and in them around 920,000 tonnes of wheat has been sold

Over 1,150 bidders participated in 1st week of e-auction of wheat by FCI

Over 1,150 bidders participated in the first week of e-auction of wheat and a quantity of 9.2 lakh metric tonnes was sold across the country by Food Corporation of India (FCI)

Wheat prices fall 10% in 7 days on selling of FCI wheat in open mkt: Govt

The government on Friday said wheat prices have fallen more than 10 per cent in the past one week following its decision to sell the grain in open market to check rising prices. State-run Food Corporation of India has so far sold 9.2 lakh tonnes of wheat to bulk users at an average rate of Rs 2,474 per quintal on the first two-days of e-auction held this week. Recently, the Centre decided to offload 30 lakh tonnes of wheat from the buffer stock in the open market under the open market sale scheme (OMSS). Out of which 25 lakh tonnes will be sold to bulk consumers, flour millers, 3 lakh tonnes to institutions like Nafed and remaining 2 lakh tonnes to state governments. "The e-auction has already left an impact of a fall in market prices of wheat by more than 10 per cent in the past one week," the Food Ministry said in a statement. The "prices are set to fall further" after wheat sold in the e-auction is lifted and wheat flour (atta) is made available in the market, it said. As per

Indian wheat prices drop after PM Modi releases grain for flour millers

Prime Minister Narendra Modi's government on Wednesday allowed flour millers to buy up to 3 million tonnes of wheat from state reserves

FCI to offer wheat at Rs 2,350 per quintal, Rs 300 less than base price

Commodity's prices reduce by Rs 450 a quintal on Friday after announcement of sale

FCI to sell 2.5 MT wheat out of 3 MT approved to flour mills, pvt traders

State-owned FCI will sell 25 lakh tonnes of wheat to flour mills, private traders and other bulk consumers through e-auction out of the total 30 lakh tonnes approved by the government on Wednesday to check wheat and wheat flour (atta) prices. Another 2 lakh tonnes of wheat will be offered to states/Union Territories for their schemes without e-auction, according to a notification by the food ministry. The remaining three lakh tonnes of wheat will be offered at Rs 23.50 per kg to public sector units/ cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and selling it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. On Wednesday, the Centre announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta). The proposal to sell stocks in the open market was taken on Wednesday by a group of ministers, headed by Home Minister Amit Shah, to bring down the .

Wheat prices likely to soften by Rs 4-6 per kg over the next few weeks

But won't near MSP, which could make next procurement tough, unless there's bonus

Wheat prices may come down by Rs 5-6/kg: Flour millers on govt's move

Roller Flour Millers Federation of India (RFMFI) on Thursday hailed the government's decision to sell 30 lakh tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour (atta) prices by Rs 5-6 per kg. The Centre on Wednesday announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta). The stocks will be sold by the state-owned Food Corporation of India (FCI) during the next two months through various channels. While wheat will be sold to bulk consumers like flour millers through e-auction, the FCI will offer wheat at Rs 23.50 per kg to public sector units/cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and offer it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. "We welcome the government decision. It should have been taken a month ago. It is a right step. Wholesale and retail prices will come do

Centre to sell 3 million tonnes of wheat in open market to cool prices

Stock in central pool was 24.4% more than buffer requirement as on January 1; prices at record high of Rs 31-32/kg

Wheat prices hit fresh record high following delay in stock release

According to government estimates, wheat output fell to 106.84 million tonnes in 2022 from 109.59 million tonnes a year earlier

India considering measures to cool high wheat prices: Govt official

India has been considering measures to cool domestic wheat prices, which jumped to a record high this week as supplies dwindled, Food Secretary Sanjeev Chopra said on Thursday

Wheat sowing up 1.40% to 33.7 mn hectare so far in ongoing rabi season

Last year, wheat production had declined to 106.84 million tonne due to heat wave in key growing states

Wheat output may set new record of over 11.2 mn tonnes in 2022-23: Govt

In 2020-21, the country had achieved record wheat output of 109.59 million tonnes

Wheat harvest could hit record on higher planting area, favourable weather

Higher wheat output could encourage India to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices

Govt mulls offloading 1.5-2 mn tonnes of wheat from FCI to contain prices

The government is considering releasing 15-20 lakh tonnes of wheat next year from the FCI stock for bulk consumers like flour millers, under the Open Market Sale Scheme (OMSS) to contain rising retail prices, according of official sources. According to the data maintained by the consumer affairs ministry, the average retail price of wheat was at Rs 32.25 per kg on December 27, higher than Rs 28.53 per kg in the year-ago period. Wheat flour (atta) price too remained higher at Rs 37.25 per kg than Rs 31.74 per kg a year ago. Under the OMSS policy, the government allows state-run Food Corporation of India (FCI) to sell foodgrains, especially wheat and rice, at pre-determined prices in the open market from time to time to bulk consumers and private traders. The purpose is to boost the supply during the lean season and moderate the general open market prices. An official source said, "The nodal Food Ministry has moved an OMSS policy for 2023 for wheat and the plan is to release 15-20 lak

Wheat stocks at six-year low; prices touch fresh high, shows data

Government says stock adequate to meet all PDS and PMGKAY needs

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

India's wheat stocks fall to 6-yr low in Dec as prices jump to record high

Wheat reserves in state stores totalled 19 million tonnes at the start of this month, down from 37.85 million tonnes on December 1 last year

All-India average wholesale prices of wheat up 22% so far this year: Govt

Average wholesale price of wheat rose 22 per cent across India to Rs 2,721 per quintal in November from Rs 2,228 per quintal in January this year, the government data showed. In a written reply to a question in Rajya Sabha, agriculture minister Narendra Singh Tomar said, "The prices of agricultural produce including wheat are determined by the demand and supply conditions in the market, international prices etc." As per the data, all-India monthly average wholesale prices of wheat stood at Rs 2,228 per quintal in January, Rs 2,230 in February, Rs 2,339 in March, Rs 2,384 in April, Rs 2,352 in May, Rs 2,316 in June, Rs 2,409 in July, Rs 2,486 in August, Rs 2,516 in September, Rs 2,571 in October and Rs 2,721 per quintal in November. Prices of October and November are provisional. The Centre had imposed a ban on wheat exports in May to control prices. "Wheat production has declined marginally from 109.59 million tonnes in 2020-21 to 106.84 million tonnes in 2021-22 and the all-India

Wheat acreage surges 25% from last year; but weather remains a concern

Traders are confident that total acreage will be 10-15 per cent more than the previous years