Page 2 - Wheat Stock

Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing

Centre refutes the assertion of artificial shortage of fertilisers in country

Wheat stocks halve from a year ago, inventories marginally higher: Data

Wheat inventories at government-run granaries stood at 22.7 million tonnes on Oct 1

Tracking the fields: Wheat acreage almost 10% more than last year

The government and fertiliser company officials have said nutrient supplies are adequate

Centre asks Bihar to complete construction of wheat, rice silos by Dec

Food Secretary Sudhanshu Pandey has directed Bihar government to complete the construction of wheat and rice silo in Buxar by the end of December. Pandey, who was on a visit to Bhojpur and Buxar districts of Bihar on Wednesday, reviewed the progress of implementation of lifting and distribution of foodgrains under the National Food Security Act and Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), an official statement said. He also reviewed the preparedness of paddy procurement for the upcoming 2022-23 kharif marketing season.

India defends decision to ban rice, wheat exports at WTO meeting

India has defended its decision to ban export of wheat and rice at a WTO meeting even as some member countries have flagged concerns over the country's stand, an official said. At a meeting last week in Geneva, Senegal, the US and the European Union raised questions over this decision, stating it could have adverse implications on global markets. In May, India restricted export of wheat to enhance domestic availability. This month, it also banned export of broken rice and imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under paddy crop in the current kharif season. Defending its decision, India clarified that the ban on export of broken rice, which is used in poultry feed, follows a rise in the grain's exports in recent months which put pressure on the domestic market. In the case of wheat, food security concerns necessitated export curbs. India has also stated that the measures are temporary in nature

Enough wheat stock in India; govt to keep check on hoarders: Food Secy

The government on Monday said there is sufficient wheat stock in the country and that it will take action against hoarders, if needed, to boost domestic supply. The Centre may consider steps like asking for disclosure of wheat stocks by traders and imposing stock limits to augment domestic availability. Addressing the 82nd AGM of Roller Flour Millers Federation of India, Food Secretary Sudhanshu Pandey said there is no problem of wheat in the country and the Centre has 24 million tonne of wheat in godowns of state-owned FCI. The secretary pointed out that wheat prices have gone up due to "speculative trading". Pandey said the government's wheat production forecast is around 105 million tonne in rabi season of 2021-22 crop year (July-June) while the trade estimates are 95-98 million tonne. Even if trade estimates are to be believed, Pandey said the production is enough to meet the domestic demand. The country has exported 4.5 million tonne of wheat so far this fiscal year. Out of

Wheat stocks likely to be 80% higher than buffer norm by next April: Govt

The govt suspended wheat export on May 13, moving all varieties of wheat, including high-protein durum, from 'free' to the 'prohibited' category

Grain of the matter

Govt's grain stock reduction is a good development

Wheat stock in central pool close to minimum threshold amid low procurement

Grain inventory in central pool, as on July 1, 2022, lowest since 2019

UAE suspends exports and re-exports of Indian wheat for four months

UAE's economic ministry cited international developments that have affected trade flows as the reason behind the suspension

Banned wheat exports to ensure adequate supply, says Union minister

Union Minister Kailash Choudhary on Sunday said the Centre had placed a ban on wheat exports to ensure adequate availability of the food grain in the country. The ban was put in place on May 14 in order to control domestic prices amid concern that wheat output may be hit due to a prevailing heatwave. "For us the country is first and our priority is to make available adequate wheat to our citizens, We have banned wheat export so that people don't face shortage," the Union Minister of State for Agriculture and Farmers' Welfare told reporters here. India's wheat exports stood at an all-time high of 7 million tonnes, valued at USD 2.05 billion, in 2021-22, with over 50 per cent being bought by neighbouring Bangladesh. Queried on whether the Centre would provide financial relief to farmers facing losses due to the sudden ban on exports, Choudhary only said the government buys produce at minimum support price. Listing the Narendra Modi government's schemes for the farming sector, Choud

No wheat shortage in India, ban imposed to check rampant export: Tomar

There was no shortage of wheat in India, but the Centre has imposed a ban on its export to check "rampant" overseas sales of the grain, Union Agriculture Minister Narendra Singh Tomar

Muted impact of wheat export ban on India's domestic food inflation: Nomura

If India's wheat ban leads to higher price of substitutes like rice, then there could be upward pressure on other food prices

Centre rules out curbing wheat exports despite drop in output, procurement

According to Centre's assessment, closing stock of wheat in FY23 is expected to be about 8 mn tonnes, higher than 7.5 million tonnes buffer requirement

Countries approach India for supply of wheat, sugar during Ukraine conflict

India said on Wednesday that its approach to the Ukraine crisis remains to promote dialogue to end the conflict and mitigate economic distress for itself and for the world

India's wheat exports likely to surge amid Black Sea supply uncertainty

India's wheat exports are likely to surge with a flurry of enquiries from buyers seeking alternatives to Black Sea shipments as Russia Ukraine war threatens to disrupt supplies from 2 major producers

Russia, Ukraine crisis might give India opportunity to export more wheat

The Russia-Ukraine crisis might give India an opportunity to export more wheat in the global markets and domestic exporters should tap this opportunity, sources said on Thursday. India's central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs, they said. More than a quarter of the world's wheat export comes from Russia and Ukraine. Russia is the world's largest exporter of wheat, accounting for more than 18 per cent of international exports. In 2019, Russia and Ukraine together exported more than a quarter (25.4 per cent) of the world's wheat. Egypt, Turkey and Bangladesh bought more than half of Russia's wheat, they said. Egypt is the world's biggest importer of wheat. It spends more than USD 4 billion annually to feed its population of over 100 million. Russia and Ukraine cover more than 70 per cent of Egypt's imported wheat demand. Turkey is also a big spender on Russian and Ukrainian wheat with 74 per cent of its imports worth USD 1.6 billio

Wheat sowing area touches 27.8 mn hectares, accounts for 90% acreage

The area sown to wheat crop is higher than 25 million hectare covered in the year-ago period

Enough wheat stock to meet demand under NFSA: Govt

The ministry's statement comes amid market reports that the country has harvested lower wheat crop this year