Page 21 - Wheat

Wheat farmers prefer pvt stockists, bulk consumers to govt agencies

India's wheat output estimated at 99.12 million tonnes for 2018-19

Govt hikes customs duty on wheat to 40% to curb imports, protect industry

The government wants to restrict overseas purchase so that domestic prices of wheat do not come under pressure as the country's wheat output is expected to scale a record high this year.

Wheat, maize led global food price rise for a consecutive month in March

Second monthly rise indicates trend will continue in near term

Wheat procurement starts on dull note; might pick up pace in coming weeks

Prices started falling from second half of March because new crop started arriving from Madhya Pradesh, Rajasthan, Gujarat

Centre to procure 32 million tonnes wheat from farmers in 2018-19

It will procure 5.5 million tonnes of rabi rice as well

FCI wasted Rs 36k cr in interest outgo due to delay in subsidy release: CAG

Wheat stocks of Food Corporation of India and state agencies worth over Rs 700 crore and meant for distributing through ration shops was rendered 'unusable' in Punjab between 2011-12 and 2015-16 because of poor storage facility, the Comptroller and Auditor General (CAG) of India said today.In a report tabled in Parliament, the auditor also found that an additional food subsidy of over Rs 35,000 crore during the same period as the Centre didn't clear its annual subsidy payouts on time. Due to delay in subsidy clearance, the Corporation resorted to market borrowings at high interest rates to meet its expenditure, which could have been avoided had the Finance Ministry cleared food subsidy on time. It also found that an expenditure of Rs 237.65 was incurred during the same period due to non-rationalization of surplus labour and deployment of costlier labour in depots. In one case, the CAG found that an average FCI labour was handling around 998-1776 bags per day which is much more than ...

Government may end up buying less than 30 million tonnes of wheat

Till date, government has procured over 27 million tonnes of wheat

Govt projects wheat output to be highest at over 97 mn tonnes in 2016-17

Agricultural ministry has revised its estimates by 0.8 million tonnes following a good monsoon

Over 7.2 mn tonnes of wheat arrive in Haryana

Of this, over 1.78 mn tonnes have been procured by Food & Supplies Dept, 2.59 mn tonnes by HAFED

UP wheat procurement at 1.2 mn tonnes is just 15% of mid-June target

Despite having 5,000 procurement centres, UP lacks warehouses to store large quantities of the crop

Wheat to reach record 98 mt in 2016-17 crop yr

Foodgrain production is estimated to touch a record 271.98 mt in the current year

Govt wheat buying starts on positive note

After last year's slippage, the central government has some cheer on wheat procurement, with its purchase this year till April 12 being six per cent more than in 2016-17 at this date, at 3.8 million tonnes (mt).If the trend stays, the Centre might reach its target of 33 mt in wheat procurement well on time. This does not include the extra five mt promised by the newly elected Yogi Adityanath government in Uttar Pradesh.India's annual wheat procurement to run the subsidised food programme starts from April. The bulk of purchase is completed in the first three months of the financial year (which began April 1). The government recently re-imposed the 10 per cent import duty on wheat, days before state and central agencies started their annual procurement. It also raised the Minimum Support Price (MSP) by Rs 100 a quintal for 2017-18, to Rs 1,625 a qtl.Last year, the government had aimed at 28 mt of wheat buying but could not exceed around 23 mt. The main reason was attributed to less ...

Wheat purchase by UP could incur Rs 8,000-crore loss to exchequer

The Uttar Pradesh government's decision to purchase eight million tonnes (mt) of wheat from farmers could mean an additional financial burden of at least Rs 8,000 crore.The earlier Akhilesh Yadav government had planned to purchase three mt from farmers in 2017-18. The new Adityanath government scaled this up to eight mt, half in the first phase, at its first Cabinet meeting on Tuesday.Assuming all this additional wheat is purchased at the centrally-set Minimum Support Price of Rs 1,625 a quintal, it would mean either the state or Centre has to immediately arrange for an extra Rs 8,125 crore. Purchase would be from a network of 5,000-odd purchase centres Officials said of the eight mt, around seven mt is expected to be purchases by state agencies and the rest by Food Corporation of India.Till now, the UP government has never bought more than four or five mt in a year. In 2016-17, it had bought only 0.8 mt from farmers.That apart, buying an extra five mt has challenges. Experts said ...

India considers reinstating 25% wheat import tax

India lowered import tax on wheat to 10% from 25% in Sept 2016; scrapped duty on Dec 8, 2016

Non-fumigated wheat threat looms large

Consignments with false certificates could make their way to Indian shores, posing health risks

India likely to import more as output set to fall

India scrapped its import duty in December and has been purchasing high-protein grain

Warm weather worries wheat farmers

Mustard, another rabi crop, will benefit from warmer days

Wheat imports to lessen after March on fumigation rule change

The farm ministry last week forecast wheat output at 96.64 million tonnes in 2017

100 million tonnes: Amount of wheat Indians are likely to eat in 2016-17

Closing stocks of wheat with Central agencies as on March 2017 is projected to be 10 mn tn higher

Wheat acreage up 7.87%; rains boosting crop prospects

Besides wheat, acreage under pulses too are up by 11.55% to 159.28 lakh hectare this rabi season