Wheat

"Wheat procurement is progressing smoothly," a senior food ministry official told PTI

FCI has procured 700,000 tonnes wheat so far, up from 200,000 tonnes last year

How have unseasonal rains affected wheat crops? What are discount brokerages? What should investors expect from Q4FY23 results? What are overweight and underweight stocks? All answers here

The Centre on Monday said about 8-10 per cent of the wheat crop is estimated to have been damaged due to recent untimely rains and hailstorms in key producing states, but better yield prospects in late-sown areas are expected to make up for the production loss. Despite the recent inclement weather, Agriculture Commissioner P K Singh asserted that the country's total wheat production will touch a record 112.2 million tonnes this year as per the second estimate of the agriculture ministry. India is one of the major producers of wheat, a key staple for a significant population, and the crop damage scenario also comes against the backdrop of persisting high inflation and food security woes globally amid geopolitical uncertainties. Since the last few weeks, major wheat-growing states of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh have received unseasonal rains accompanied by thunderstorms, hailstorms and gusty winds due to the Western disturbances at a time when the crop was almost

With the weather likely to improve in the days to come, the moisture content in wheat is expected to go down, helping the crop fetch a better price

No abnormal heatwaves are expected; El Nino to hit around June-Sept

FCI says on track to achieve FY24 procurement target; no lifting of export ban

Procurement of wheat for Rabi marketing season 2023-24 has been to the tune of 10,727 metric tonnes till March 27 as compared to nil procurement last year.

Among other major wheat producers, procurement in Punjab is targeted at 13.2 mt, Haryana at 17.5 mt, and UP at 3.5 mt

Wheat production will not be affected due to recent rains, confident of achieving the output target, he added

Millers see CPI inflation for atta reducing more sharply going ahead, as prices have already started softening at the mill gate

In 2021-22, the Centre first estimated wheat production at 111.32 million tonnes, which was scaled down to 107.74 million tonnes owing to bad weather

India should keep lid on wheat exports to replenish local stocks, flour millers say

Till fifth e-auction, 28.86 LMT wheat stock has been sold against which 23.30 LMT has been lifted as on March 14, 2023

Union Agriculture Minister Narendra Singh Tomar on Tuesday said there has not been any effect seen so far on wheat crop due to high temperatures and it will be too early to say about the likely impact. On whether there has been any adverse impact seen in wheat crop as harvesting has started in some states like Madhya Pradesh, Tomar said, "Weather-related challenges are always there in front of agriculture." "Lekin main samjhta hoon ki abhi koi aisi stithi nahi hai. Koi prabhav pada hai, aisa kahna jaldbazi hogi (But I think, there is no such situation as of now. It will be too early to say that there has been any impact)," the minister told reporters here. Tomar was speaking on the sidelines of an event organised here by Plant Based Food Industry Association (PBFIA). Wheat is a major rabi (winter-sown) crop. On February 20, the government formed a committee to monitor the situation arising out of any unusual rise in temperature and its impact on the wheat crop, and also to issue .

The country has exported wheat worth Rs 11,728.36 crore during the April-January period of this fiscal year, the government said on Tuesday. In May last year, the government had banned exports of wheat to boost domestic availability and control prices In a written reply to Lok Sabha, Union Agriculture Minister Narendra Singh Tomar said, "At present, there is no proposal for lifting restriction on export of wheat before the Department of Agriculture and Farmers Welfare". "During the current fiscal year (up to January 2023), Rs 11,728.36 crore worth of wheat has been exported," he added. Although the export was banned, the government had said wheat export will be allowed in case of shipments where the Irrevocable Letter Of Credit (ILOC) has been issued on or before May 13. Tomar said, as per second advance estimates for the agriculture year 2022-23, the wheat production in the country is estimated at 112.18 million tonnes which is higher by 4.44 million tonnes than the production ..

Similar forecast for central India; another round of hailstorms and thunderstorms could hit parts of North, Central and western India mid-March; little impact seen on standing wheat crop

India and five central Asian countries on Tuesday asserted that Afghanistan's soil must not be used for any terrorist activities and called for formation of a "truly inclusive" political structure in Kabul that respects rights of all Afghans including women and minorities. At the first meeting of the India-Central Asia joint working group on Afghanistan, New Delhi also announced a fresh tranche of assistance of 20,000 metric tonnes of wheat to Afghanistan and the consignments will be sent through the Chabahar Port in Iran. The situation in the war-ravaged country came up for extensive deliberations at the first meeting of the India-Central Asia joint working group on Afghanistan that took place in Delhi. A joint statement said the meeting emphasized the importance of formation of a "truly inclusive and representative political structure" that respects the rights of all Afghans and ensures equal rights of women, girls and members of minority groups, including access to education. In

Wheat prices have slumped from their record high of about Rs 3,200 per quintal in mid-January to about Rs 2,200 a quintal

The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world's second biggest producer of the grain to allow imports after banning exports last year