Flour millers have reportedly told the government that they have stocks for one to two months only
Yielding little results, does govt need to review PM-AASHA scheme?
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
India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said. Read more on this in our top headlines
India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said
Wheat is usually sown in around 31 million hectares, mostly in the northern belt
Move to cost the exchequer additional Rs 44,762 crore
Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1
Here is the best of Business Standard's opinion pieces for Monday
As of August 16, the government has rice stocks of around 26.35 million tonnes in the Central pool
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi
Egypt contracted to buy the 180,000 tonnes of wheat from India in June.
The govt suspended wheat export on May 13, moving all varieties of wheat, including high-protein durum, from 'free' to the 'prohibited' category
Govt's grain stock reduction is a good development
Grain inventory in central pool, as on July 1, 2022, lowest since 2019
UN Secretary-General Antonio Guterres has hailed what he called "substantive progress" in ensuring the export of Ukrainian food products through the Black Sea.
The Ukrainian government has cancelled the licensing of the exports of wheat and meslin -- a mixture of wheat and rye, the country's Agrarian Policy and Food Ministry said in a statement on Friday
The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment
States raise matter in central government's meeting on food security, say beneficiaries complaining
The commerce ministry's arm DGFT has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said