Page 5 - Wheat Prices

Govt buys record wheat crop of over 40 mn tonnes at MSP for Rs 79,088 cr

The Centre on Friday said it has procured a record 400.45 lakh tonnes of wheat in the current marketing year that started in April, costing exchequer Rs 79,088 crore. The record procurement of wheat has been achieved amid farmers' protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm laws and a legal guarantee of the Minimum Support Price (MSP). Procurement of Wheat in ongoing RMS (Rabi Marketing Season) 2021-22 is continuing smoothly in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh, and Jammu & Kashmir at MSP, as was done in previous seasons. Till May 27, a quantity of 400.45 lakh tonnes of wheat has been procured as against 353.09 lakh tonnes in the year-ago period. "About 42.36 Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 79,088.77 Crore," an official statement said. The procurement has exceeded the previous high of 389.92 lakh tonnes

Wheat procurement rises to 64.79 lakh tonnes, says Food Secretary

Maximum purchases from Haryana

32% of FCI's FY21 wheat procurement cost to be mandi taxes, middlemen fee

The other components are poo­led cost of grains and distribution cost that includes freight, handling, and storage, etc

Commodity picks: 5 October, 2020

Wheat is trading at Rs 1,792 per quintal in Delhi; The barley price in the Jaipur market is trading at Rs 1,367 per quintal

Egypt to Philippines: Russia's dominance of the wheat world keeps growing

In 20 years, Russia has gone from being reliant on wheat imports to accounting for a fifth of global sales, as its fertile soils generate bigger harvests at attractive prices

Govt hikes MSP for wheat, five other rabi crops amid protests on farm bills

MSPs of lentil (masoor), gram, barley, safflower and mustard/rapeseed have been increased

Commodity picks: 21 September, 2020

Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi

Commodity picks: 24 August, 2020

Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market

Wheat prices decline on record output, procurement and demand destruction

The price decline has brought major relief to middle-class consumers at a time when Covid-19 has rendered millions of people jobless and millions of others underwent pay cuts

Punjab, MP lead the way as wheat procurement tops last year's level

The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.

Wheat procurement surpasses last year's level of 34.1 MT despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year

Wheat procurement picks up amid complaints of mismanagement in some mandis

Shortage of jute bags, 100-trolley rule among several issues farmers, who are being forced to stand in long queues, awaiting their turn to sell

Commodity Picks: 09 March, 2020

Soymeal is trading at Rs 31,600 per tonne at the benchmark Indore markets

Wheat sowing up 9.28% to 31.3 mn hectare this rabi season on good weather

Sowing of rabi crops begins in October and harvesting kicks off from March

Commodity picks: December 23, 2019

Wheat prices in Indore are trading at Rs 2,225 per quintal, Soy oil is trading at Rs 883 per 10 kilograms in the Indore market

Cereal prices move up on lower Kharif output, changing consumption patterns

Huge stocks lying with FCI limit increase in rice, wheat prices; coarse grains costlier by up to 16% during the past one month

CRISIL SME Tracker: Wheat millers facing the heat as demand slumps

SMEs account for bulk of wheat mills in india in value terms

Britannia, ITC to hike product prices on account of rising wheat price

Lower wheat production and increased government procurement have led to the price rise.

Wheat prices fall below MSP of Rs 1,735 on fresh arrivals and weak quality

Wheat quality in MP is usually better than North Indian wheat and the state government there has announced a bonus of Rs 265 per quintal above MSP

Wheat prices scaled up to Rs 15 per quintal on increased offtake by flour

Wheat MP and Wheat dara strengthened to Rs 2,180-2,375 and Rs 1,875- 1,880. Atta chakki delivery followed suit and rose by Rs 20