Page 9 - Wheat

Wheat prices drop by 20% since FCI's open sale scheme, shows data

Going forward, prices will depend on wheat crop production following the sudden sharp increase in temperature across several parts of North and Central India

India limits wheat exports through the govt route as prices rise

This is starting from November last year

FCI to offer 1.17 MT wheat to bulk consumers in 3rd e-auction on Feb 22

State-run Food Corporation of India (FCI) will offer 11.72 lakh tonnes of wheat to bulk consumers like flour millers during the third e-auction to be held next week, the food ministry said on Saturday. FCI plans to sell 25 lakh tonnes of wheat to bulk consumers under the Open Market Sale Scheme (OMSS) till March-end as part of the government's measure to check rise in domestic prices. In the last two weekly e-auctions, about 12.98 lakh tonnes wheat was sold, out of which 8.96 lakh tonnes has already been lifted by the bidders which has resulted in cooling down of retail prices of wheat and atta. In a statement, the food ministry said FCI will offer 11.72 lakh tonnes of wheat from 620 depots across the country during the third e-auction to be held at 11 am on February 22. Bidders, who have registered themselves on the e-portal of M-Junction by 10 pm on February 17, will be allowed to participate in the e-auction on February 22, it said. The last date for deposit and uploading of ..

Mercury to rise 2-4 degrees over next 5-6 days; 35% rain deficit this year

Even in the October-December period, post-monsoon rainfall has been below par

HUL to sell Annapurna, Captain Cook for Rs 60.4 crore; exits atta, salt biz

FMCG major HUL on Friday announced selling of its Annapurna and Captain Cook brands to Singapore-based Uma Global Foods for Rs 60.4 crore to exit from non-core atta and salt business. It has signed an agreement for the sale of its atta and salt business carried out under the brands 'Annapurna' and 'Captain Cook', respectively, the company said in a statement. "HUL's decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups," said HUL. About consideration received from sale of the two brands, HUL said it is Rs 60.4 crore. In the financial year 2021-22, both the brand had a turnover of Rs 127 crore and had contributed less than one per cent of HUL's turnover, it said. "The brands are being sold to Uma Global Foods Pte Ltd, and Uma Consumer Products Private Ltd. which are subsidiaries of Reactivate Brands International, a Singapore-headquartere

Govt further cuts reserve price of FCI wheat to Rs 2,150 per quintal

States are allowed to purchase wheat from FCI for their own scheme at the proposed reserve prices without participating in e-auction

Minimum temperatures in North to rise by 2-4 degrees from Feb 16: IMD

A abnormally, high temperature over the next one months or so could have an impact on the yield of standing wheat crop mainly in North India

Govt cuts reserve price of FCI wheat to Rs 2,150 per quintal for bulk users

The government on Friday further reduced the reserve price of FCI wheat to Rs 2,150 per quintal for bulk consumers under the Open Market Sale Scheme (OMSS) in a bid to check prices. According to the food ministry, the reserve price of fair and average quality (FAQ) wheat has been reduced to Rs 2,150 while for Under Relaxed Specifications (URS) wheat to Rs 2,125 per quintal. These rates will be applicable till March 31, the ministry said. State-run Food Corporation of India (FCI) is offloading 25 lakh tonnes of wheat to bulk users under the OMSS. "Reduction in reserve price will help in reducing market price of wheat and wheat products for consumers," the ministry said. States are allowed to purchase wheat from FCI for their own scheme at above proposed reserve prices without participating in e-auction, it added. On February 10, the ministry had done away with freight charges and kept the reserve price of FCI wheat uniformly at Rs 2,350 per quintal to bulk users pan-India through

Retaining wheat export curbs to be a priority for PM Modi as polls loom

An extension of the export curbs would probably bolster the global wheat market, where supplies are tight because of dry weather in US growing areas and a drop in Ukrainian supplies

Centre projects record wheat, mustard and chana crop this rabi season

Estimates 4% increase in wheat output, around 1% for chana, and 7% for mustard

March heat to shape up wheat output this year in North India: Experts

A significant drop in per hectare yields of wheat for second year this year due to unusually high temperatures could have an impact on Centre's annual wheat procurement plan

Govt to offload 30 mn MT wheat to cool down prices via open market disposal

the government takes various steps from time to time to augment domestic availability and control increasing food prices

Chana, mustard likely to trade around MSP, wheat much above it

The MSP of mustard for 2023-24 is Rs 5,450 per quintal

New wheat crop trickles in mandis; prices above MSP, say traders

So far, two e-auctions have been held, and in them around 920,000 tonnes of wheat has been sold

Wheat prices fall over 10% in 7 days on selling of FCI stock in open market

FCI sold 0.92 million tonnes since Feb 1, netting around Rs 2,290 crore

Centre reviews supply of atta at Rs 29.50 through Open Market Sale Scheme

These institutions agreed to supply Atta at Rs. 29.50 per kg, which is to be named as "Bharat Atta" or "any other suitable name" with bold mention of the MRP of Rs. 29.50 per Kg

FCI sells 8.88 lakh tonne wheat to bulk consumers on first day of e-auction

Wheat is being offered at a reserve price of Rs 2,350 per quintal plus freight charges

FCI sells 888k tonne wheat to bulk consumers on first day of e-auction

State-owned Food Corporation of India (FCI) has sold 8.88 lakh tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said on Thursday. FCI commenced e-auction of wheat on February 1 under Open Market Sale Scheme (OMSS) for bulk users in order to improve domestic availability and check wheat prices. On the first day, it offered for sale about 22 lakh tonne of wheat against the earmarked 25 lakh tonne under OMSS. "More than 1,100 bidders came forward for participation in the first e-auction. A quantity of 8.88 lakh tonne was sold on the first day of e-auction in 22 states," the ministry said in a statement. In Rajasthan, bidding would be conducted on Thursday, it said. Further sale of wheat through e-auction will continue throughout the country on every Wednesday till March 15, it added. Wheat is being offered at a reserve price of Rs 2,350 per quintal plus freight charges. A single buyer can quote for a maximum

Pakistan facing net wheat deficit of 2.37 mn metric tons, says food min

Pakistan National Assembly member and Minister for National Food Security and Research Tariq Bashir Cheema said that Pakistan at present is facing a net wheat deficit of 2.37 million metric tons

A structural problem? FCI corruption case offers food for thought

Evidence of corruption unearthed at the government's key foodgrain procurement agency raises questions about whether the problem is systemic or a failure of governance