Wheat Imports

Wheat crop loss likely to be 1-2 MT due to untimely rains: Govt

The government on Friday said wheat production loss due to recent inclement weather is likely to be in the range of 1-2 million tonnes but overall production will reach a record 112.2 million tonne in the current year on higher acreage and yield. The government's wheat procurement at minimum support price (MSP) is underway and about 7 lakh tonnes have been purchased so far, higher than 2 lakh tonnes in the year-ago period. The Centre also asked roller flour millers to directly procure from farmers to meet their requirements instead of seeking stock from state-owned FCI under Open Market Sale Scheme. The government also ruled out the industry's demand to lift the ban on the export of wheat products considering the bumper output. Releasing a private wheat crop estimate at an event organised by the Roller Flour Millers' Federation of India, Subodh Kumar Singh, Additional Secretary in the Food Ministry said there was a difference in wheat production projected by the government and ...

Confident of achieving wheat procurement target of 34.2 mt: Food secretary

With India likely to harvest a record wheat output, the Centre on Thursday said it is confident of achieving wheat procurement target of 34.2 million tonne and will soon take a call on relaxing quality norms for buying in Punjab and Haryana in view of crop damage due to untimely rains. Earlier in the day while announcing the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said the expectation of a record rabi harvest bodes well for easing of food price pressure. "There is already evidence of a correction in wheat prices in March on supply side interventions by the government. The impact of the recent unseasonal rains in some parts of the country, however, needs to be watched," the Governor said. Addressing a press conference, Union Food Secretary Sanjeev Chopra said the government is hopeful of a record wheat output of 112.2 million tonne in 2022-23 crop year ending June, despite inclement weather conditions in some parts of the country affecting grain quality. Th

Wheat sowing up 1.40% to 33.7 mn hectare so far in ongoing rabi season

Last year, wheat production had declined to 106.84 million tonne due to heat wave in key growing states

Wheat acreage surges 25% from last year; but weather remains a concern

Traders are confident that total acreage will be 10-15 per cent more than the previous years

Steady pace: Wheat acreage rises 5.4% due to favourable prices

Highest week-on-week numbers since 2017-18; hopes of strong harvest

Centre says no decision on wheat sale in open markets to cool down prices

Assures adequate stocks if PMGKAY extended beyond December

Will India become a net importer of wheat?

Wheat stocks with the FCI stand at a six-year low now, slightly above the minimum prescribed buffer. Will India turn into a net wheat importer now, just months after promising to feed the world?

Wheat price rise normal; have enough stocks to meet demand: Govt

According to FCI, the wheat stock in Central pool on April 1 next year is expected to be 11.3 million tonnes, higher than the buffer requirement of 7.5 million tonnes

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

Centre says it has no plan to import wheat, sufficient stock available

Wheat production is estimated to have declined due to a heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana

Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more

Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal

Centre may lower import duty on wheat to combat sharply rising prices

Liquidating some stocks from the Central pool for private traders and a curb on excess holding could be considered

Commercial wheat imports from India key supply line for Yemen: UN official

Commercial wheat imports from India have emerged as a key supply line for Yemen in the wake of the Ukraine war, the UN deputy relief chief said

Wheat importers in Asia scramble for supplies after India bans export

Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's invasion of Ukraine.

Egypt approves India as wheat supplier; to import about one million tonnes

240,000 tonnes to be shipped in April itself; export approved after rigorous process of field visits and checks in quarantine facilities

Egypt eyes adding India as a wheat import origin this month, says ministry

Russia's invasion of Ukraine in late February has driven up global wheat prices and disrupted Black Sea shipping, though wheat shipments from Russia continued in March

India targeting over 30-odd Russian-Ukrainian markets to ship local wheat

Exporters say they aren't merely looking to serve a stop-gap requirement but want to become credible long-term suppliers

Sri Lanka's currency will stabilise soon, assures country's central bank

Sri Lanka relaxed controls on currency earlier this week considering the severity of the external shocks and recent developments in the domestic front, reported Xinhua

Coronavirus lockdown: Govt likely to delay wheat procurement by a fortnight

India's wheat crop was estimated at a record 106.21 mt in the second official Advance Estimate some months earlier.

Winter crops in demand: Why India's wheat, pulses output will spike in 2018

Higher production could allow India to avoid buying overseas wheat for the first time in three years