Page 5 - Wheat Prices

India eyes bumper wheat harvest in 2023 as record price lead to more sowing

The surge in wheat prices is despite the ban on exports of the grain, indicating a far bigger drop in this year's output

Wheat acreage up nearly 10% as rabi sowing nears halfway, shows data

Usually wheat is sown in around 30.5 million hectares of which so far around 15.28 million is already sown

Wheat flour prices jump over 17% in one yr, now closer to sugar, rice: Rpt

The rise in wheat flour prices has come on the back of an increase in wheat prices as well

Wheat prices being closely monitored, export ban led to rise in stock: Govt

Food Secretary Sanjeev Chopra said wheat prices have gone up only by 7 per cent in retail. However, he added that if the hike in MSP is considered then the price rise is only around 5 per cent

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Soring wheat rates could prompt price-cooling measures, say govt sources

The government has been trying to rein in food inflation, but its efforts have been complicated by wheat prices that have climbed to record highs

Soaring wheat prices in India likely to prompt price-cooling measures: Govt

Local wheat prices jumped to a record 26,500 rupees ($324.18) a tonne on Thursday, up nearly 27% since the May ban on exports

Rabi sowing tracker: Mustard covers 72% of normal area, wheat spikes

Mustard is usually sown in 6.4 million hectares, and sowing in almost 4.6 million hectares is complete till Friday

Wheat price climbs nearly 6% after Russia withdraws from Black Sea pact

80% of Kyiv without water, residents asked to stock up

Sowing hope: Nearly 54% jump in early wheat planting, shows data

However, this year, traders and market sources are hopeful that there could be a 10-15 per cent rise in wheat acreage

Centre raises wheat MSP by 5.46%; biggest hike kept for mustard, lentils

The government on Tuesday hiked the minimum support price for wheat by Rs 110 to Rs 2,125 per quintal and mustard by Rs 400 to Rs 5,450 per quintal for the current crop year with an aim to boost production and income of the farmers. The decision to increase the MSPs (minimum support prices) was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. MSP is the rate at which the government buys grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both Kharif and rabi seasons. Sowing of rabi (winter) crops begins in October, immediately after the harvest of kharif (summer) crops. Wheat and mustard are major rabi crops. According to an official release, the CCEA has approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season. Wheat MSP has been increased by Rs 110 to Rs 2,125 per quintal for this crop year from Rs 2,015 per quintal in the 2021-2

Wheat price rise normal; have enough stocks to meet demand: Govt

According to FCI, the wheat stock in Central pool on April 1 next year is expected to be 11.3 million tonnes, higher than the buffer requirement of 7.5 million tonnes

Mustard gains in initial rabi sowing, markets bullish on wheat

Wheat is usually sown in around 31 million hectares, mostly in the northern belt

Prices of wheat continue to soar despite govt's price control measures

Despite government's effort to check the spiralling prices of essential kitchen commodities, the average retail prices of these items including wheat continue to rise

World food price index fell for sixth consecutive month in September: FAO

FAO's cereal price index rose 1.5 per cent month-on-month in September, with wheat prices climbing 2.2 per cent

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

Centre restricts wheat flour exports to stabilise soaring local prices

India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement

After wheat, retail price of rice rises 6.31% on supply concerns: Govt data

After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs 37.7 per kg compared to the year-ago period, according to an official data. The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, according to the data maintained by the Consumer Affairs Ministry. The average retail price of wheat flour (atta) has increased by over 17 per cent to Rs 35.17 per kg as against Rs 30.04 per kg in the year-ago period, the data showed. The rising trend in the retail price of rice is due to reports of likely drop in the country's production in view of 8.25 per cent lag in paddy sowing till last week in the ongoing kharif (summer) season. Considering the current lag in the paddy coverage, experts said the country's total rice production is likely to be lower than the set target of 112 million to

Deflating commodity costs to aid FMCG firms in H2FY23: Analysts

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.

Pizza Hut adds rice bases to menu as wheat costs soar in Japan

The new range will initially be available for about six weeks, but could become a regular menu item if demand is strong