Drawdown in wheat stocks, fear of fall in rice production raise doubts on scheme's sustenance beyond Sept 30 deadline
The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm.
The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment
Blame game would serve no purpose
States raise matter in central government's meeting on food security, say beneficiaries complaining
Food Corporation of India (FCI), nodal agency for procurement and distribution of foodgrains, has purchased 187.86 lakh tonnes of wheat so far at Minimum Support Price (MSP) for Rs 37,852.88 crore.
Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter
Revenues from the export of industrial metals would also take a hit from a decline in metal prices
Exceptions were allowed for shipments backed by letters of credit that had already been issued and those to countries that requested supplies to meet their food security needs
Fodder prices in Rajasthan's Hanumangarh district have risen many times over, forcing those who own animals that do not provide milk, or very little milk, to release their cattle to roam the streets
Turkey's decision comes at a time when international buyers have been looking to secure supplies of wheat
Union Minister Kailash Choudhary on Sunday said the Centre had placed a ban on wheat exports to ensure adequate availability of the food grain in the country. The ban was put in place on May 14 in order to control domestic prices amid concern that wheat output may be hit due to a prevailing heatwave. "For us the country is first and our priority is to make available adequate wheat to our citizens, We have banned wheat export so that people don't face shortage," the Union Minister of State for Agriculture and Farmers' Welfare told reporters here. India's wheat exports stood at an all-time high of 7 million tonnes, valued at USD 2.05 billion, in 2021-22, with over 50 per cent being bought by neighbouring Bangladesh. Queried on whether the Centre would provide financial relief to farmers facing losses due to the sudden ban on exports, Choudhary only said the government buys produce at minimum support price. Listing the Narendra Modi government's schemes for the farming sector, Choud
The crisis is directly related to India's deteriorating relationship with China and is exacerbated by the ongoing Russo-Ukrainian war
The government data highlighted that India's expected production of wheat for 2022-23 remains at near 105 million metric tonnes (MMT)
On paper, the upcoming Davos meeting would be perfectly suited for resolving these conflicts. History, however, does not provide much encouragement or optimism
Farmers have been holding on to their produce as the price of wheat in the open market recouped some of the losses it suffered in the aftermath of the ban
Overall food grains production was estimated to be 314.51 million tonnes, more than the 310.74 million tonnes last year.
Open markets must not become an argument to perpetuate inequity and promote discrimination: Minister of State for External Affairs V Muraleedharan
India said it would still allow exports backed by letters of credit that were already issued, and sales to countries that request supplies "to meet their food security needs"
Egypt's government has agreed to buy half a million tonnes of wheat from India, Egyptian Supply Minister Aly Moselhy said on Sunday.