Wheat Prices

Data shows that in Feb 2023 while WPI-wheat inflation dropped to 18.54%, CPI-wheat inflation for the same month rose from 25.05% in January 2023 to 25.37% in Feb

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

Sources said that the target is flexible and will depend on the quantum of wheat that arrives in the mandis

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The proposal to add wheat stocks in the open market was taken by a group of ministers, sources said

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

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

Food Corporation of India (FCI) sold 3.85 lakh tonnes of wheat to bulk consumers in the second round of e-auction, as part of its efforts to boost domestic supplies and control prices of wheat and atta (wheat flour). Last month, the government announced plans to sell 30 lakh tonnes of wheat in the open market from its buffer stock under the Open Market Sale Scheme (OMSS). Out of the 30 lakh tonnes, the Food Corporation of India will sell 25 lakh (2.5 million) tonnes to bulk consumers like flour millers through e-auction and 2 lakh tonnes will be given to states/union territories. As much as 3 lakh tonnes of wheat are being provided to institutions and state PSUs at a concession for converting wheat into wheat flour. "More than 1,060 bidders participated and 3.85 LT (lakh tonnes) wheat was sold during the second e-auction organised by the Food Corporation of India (FCI) on February 15," an official statement said. FCI, the government's nodal agency for procurement and distribution o

Some delay in offloading central wheat stocks causes spike

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

Average price of wheat flour rose by 31 per cent and mustard oil by 71 per cent between 2018 and 2022, the government told the Rajya Sabha on Friday. In a written reply, the government shared the average retail prices of about two dozen essential commodities. According to the data, wheat prices rose by 25 per cent since 2018 while the rates of rice increased by 23 per cent in the last five years. In a written reply, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti shared the "year-wise all-India average retail prices of 22 commodities, including atta (wheat flour), rice, onion and potato for the last five years". The minister noted that the government takes various measures from time to time to augment domestic availability and stabilise the prices of essential food commodities. "These steps, inter-alia, include releases from the buffer to cool down prices, imposition of stock limits, monitoring of stocks declared by entities to prevent hoarding as also requis

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

Over 1,150 bidders participated in the first week of e-auction of wheat and a quantity of 9.2 lakh metric tonnes was sold across the country by Food Corporation of India (FCI)

The government on Friday said wheat prices have fallen more than 10 per cent in the past one week following its decision to sell the grain in open market to check rising prices. State-run Food Corporation of India has so far sold 9.2 lakh tonnes of wheat to bulk users at an average rate of Rs 2,474 per quintal on the first two-days of e-auction held this week. Recently, the Centre decided to offload 30 lakh tonnes of wheat from the buffer stock in the open market under the open market sale scheme (OMSS). Out of which 25 lakh tonnes will be sold to bulk consumers, flour millers, 3 lakh tonnes to institutions like Nafed and remaining 2 lakh tonnes to state governments. "The e-auction has already left an impact of a fall in market prices of wheat by more than 10 per cent in the past one week," the Food Ministry said in a statement. The "prices are set to fall further" after wheat sold in the e-auction is lifted and wheat flour (atta) is made available in the market, it said. As per

Prime Minister Narendra Modi's government on Wednesday allowed flour millers to buy up to 3 million tonnes of wheat from state reserves

Commodity's prices reduce by Rs 450 a quintal on Friday after announcement of sale

State-owned FCI will sell 25 lakh tonnes of wheat to flour mills, private traders and other bulk consumers through e-auction out of the total 30 lakh tonnes approved by the government on Wednesday to check wheat and wheat flour (atta) prices. Another 2 lakh tonnes of wheat will be offered to states/Union Territories for their schemes without e-auction, according to a notification by the food ministry. The remaining three lakh tonnes of wheat will be offered at Rs 23.50 per kg to public sector units/ cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and selling it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. On Wednesday, the Centre announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta). The proposal to sell stocks in the open market was taken on Wednesday by a group of ministers, headed by Home Minister Amit Shah, to bring down the .

But won't near MSP, which could make next procurement tough, unless there's bonus

Roller Flour Millers Federation of India (RFMFI) on Thursday hailed the government's decision to sell 30 lakh tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour (atta) prices by Rs 5-6 per kg. The Centre on Wednesday announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta). The stocks will be sold by the state-owned Food Corporation of India (FCI) during the next two months through various channels. While wheat will be sold to bulk consumers like flour millers through e-auction, the FCI will offer wheat at Rs 23.50 per kg to public sector units/cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and offer it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. "We welcome the government decision. It should have been taken a month ago. It is a right step. Wholesale and retail prices will come do

Stock in central pool was 24.4% more than buffer requirement as on January 1; prices at record high of Rs 31-32/kg