Trade sources said the decision to ban all sorts of wheat exports with immediate effect will immediately cool down the market prices of wheat and bring it closer to the MSP of Rs 2,015 per quintal
Exporters' mandatory registration on cards; PMO to decide on export ban
If the Chinese harvest is bad in the coming weeks, it could drive food prices up further, compounding hunger and poverty in the world's poorest countries
Here are the top Business Standard headlines on Friday
India is the only major supplier of wheat at this time of year, and its exports of the grain have surged since Russia invaded Ukraine in late February
India is the only major supplier of wheat at this time of year, and its exports of the grain have surged since Russia invaded Ukraine in late February
India has a wheat stockpile estimated at about 100 million tonnes, which exceeds the requirements for a safety net
India's chances of becoming a stable supplier of wheat are limited in the absence of a long-term policy on foodgrain exports
The lowering of estimates has been attributed to "early summer"
The situation is not at all alarming on the procurement front, says expert in interview.
The move may violate 2013, 2015 vows and can risk drawdown in wheat inventory
Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in New Delhi:
India's new season wheat harvest is underway, with this year's production pegged at a record 111.32 million tonnes - making it the sixth season in a row that the country has produced a surplus.
India needs at least 25 million tonnes of wheat each year to run a food welfare programme
The European Union and Ukraine are Russia's main competitors in the wheat trade.
However, traders say if free foodgrains scheme goes beyond September and there is another Covid wave that requires more relief, then the closing stock position could turn precarious
The US Department of Agriculture's (USDA) National Agricultural Statistics Service in a weekly crop report on Monday rated 32% of the winter wheat in top producer Kansas
India is looking forward to starting wheat export to several new countries beyond its Asian/South Asian neighbours.
It said that India's wheat exports increased to $1.74 billion during April-January 2021-22 as against $340.17 million in the same period last year
India's role in maintaining food security on the global stage could significantly increase if it succeeds in expanding its marketshare of wheat. New Delhi is already the largest exporter of rice