According to an official notification, India has banned wheat exports with immediate effect as part of measures to control rising domestic prices
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Sudhanshu Pandey, Secretary, DFPD said that due to higher market prices, a large quantity of wheat was being bought by traders at a higher rate than MSP, which was good for the farmers
"We are here to see the initiative that the Government of India has taken for the people of Afghanistan," noted Sandro Banao, Commodity Specialist at the UN World Food Programme
The Centre's wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 on higher exports and low arrival in Punjab and Haryana mandis, according to official sources
Wheat procurements may fall this year as exports and the private market have become more lucrative
The situation is not at all alarming on the procurement front, says expert in interview.
India was till last week headed to a record production but the heat wave that started in March and continued in April over northwest India is set to affect produce, especially in Punjab and Haryana
Out of the total procurement, Punjab contributed 32,16,668 tonnes, Haryana 27,76,496 tonnes and Madhya Pradesh 8,98,679 tonnes
Heavy private purchases in main producing states of Madhya Pradesh and UP cited as reason
A quantity of 34,917 tonnes of wheat has been procured till April 3, benefitting 3,510 farmers with MSP value of Rs 70.36 crore
However, traders say if free foodgrains scheme goes beyond September and there is another Covid wave that requires more relief, then the closing stock position could turn precarious
Wheat market prices higher than MSP; UP targeting to buy 6 MT
This is 2.44% more than the purchases made during the current season; Punjab will contribute the maximum, at 13.2 million tonnes
Beyond what Sitharaman said about the procurement process in 2021-22, there are several dimensions to this
The previous record in wheat procurement was 38.99 mt achieved in the 2020-21 season
Himachal Pradesh government has procured a record 1,00,657 quintals of wheat during the ongoing rabi marketing season which started on April 15
Experts point to three major initiatives that led to a bumper purchase and laid the foundation for deeper and more structural reforms in the annual grain procurement process
Maximum purchases from Haryana
The Delhi BJP on Friday accused Agriculture Minister Gopal Rai of making "false" statements on wheat procurement by the Food Corporation of India, and challenged him to prove the charges or resign