Page 7 - Wheat Prices

Average retail wheat flour price rises 13% Rs 32.91 per kg in a year

The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data.

After 5 record crops, heatwave threatens India's wheat output, export plans

Cashing in on a rally in global wheat prices after Russia invaded Ukraine, India exported a record 7.85 million tonnes in the fiscal year to March - up 275% from the previous year

Cheap Indian wheat faces quality checks, high freight cost for Egypt export

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

Wheat procurement so far almost 30% lower than last year, say traders

Heavy private purchases in main producing states of Madhya Pradesh and UP cited as reason

Record wheat crop, high stocks to help India meet rising global demand

India's new season wheat harvest is underway, with this year's production pegged at a record 111.32 million tonnes - making it the sixth season in a row that the country has produced a surplus.

Centre to hold high-level meeting on Thursday to boost wheat exports

Move follows rising global demand for Indian wheat due to the Russia-Ukraine crisis

India acts to seize gap in wheat export market left by Ukraine war

India is rolling out ambitious measures over the coming weeks to try to establish the country as a dominant exporter of high-quality wheat as importers scramble for supplies after Ukraine invasion

TMS Ep-123: Back to office, Indian trade, markets, NSE IFSC

Is India Inc going back to office? How is Indian trade filling the void created by Russia? Buy when markets dip or sell on a rally? How to invest in international stocks via NSE IFSC? All answers here

Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report

Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now

Govt buys record wheat crop of over 40 mn tonnes at MSP for Rs 79,088 cr

The Centre on Friday said it has procured a record 400.45 lakh tonnes of wheat in the current marketing year that started in April, costing exchequer Rs 79,088 crore. The record procurement of wheat has been achieved amid farmers' protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm laws and a legal guarantee of the Minimum Support Price (MSP). Procurement of Wheat in ongoing RMS (Rabi Marketing Season) 2021-22 is continuing smoothly in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh, and Jammu & Kashmir at MSP, as was done in previous seasons. Till May 27, a quantity of 400.45 lakh tonnes of wheat has been procured as against 353.09 lakh tonnes in the year-ago period. "About 42.36 Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 79,088.77 Crore," an official statement said. The procurement has exceeded the previous high of 389.92 lakh tonnes

Wheat procurement rises to 64.79 lakh tonnes, says Food Secretary

Maximum purchases from Haryana

32% of FCI's FY21 wheat procurement cost to be mandi taxes, middlemen fee

The other components are poo­led cost of grains and distribution cost that includes freight, handling, and storage, etc

Commodity picks: 5 October, 2020

Wheat is trading at Rs 1,792 per quintal in Delhi; The barley price in the Jaipur market is trading at Rs 1,367 per quintal

Egypt to Philippines: Russia's dominance of the wheat world keeps growing

In 20 years, Russia has gone from being reliant on wheat imports to accounting for a fifth of global sales, as its fertile soils generate bigger harvests at attractive prices

Govt hikes MSP for wheat, five other rabi crops amid protests on farm bills

MSPs of lentil (masoor), gram, barley, safflower and mustard/rapeseed have been increased

Commodity picks: 21 September, 2020

Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi

Commodity picks: 24 August, 2020

Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market

Wheat prices decline on record output, procurement and demand destruction

The price decline has brought major relief to middle-class consumers at a time when Covid-19 has rendered millions of people jobless and millions of others underwent pay cuts

Punjab, MP lead the way as wheat procurement tops last year's level

The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.

Wheat procurement surpasses last year's level of 34.1 MT despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year