Madhya Pradesh State Agricultural Marketing Board's Managing Director Vikas Narwal said that the government procurement of wheat dipped by 30 per cent due to a sharp rise in prices in the open market
Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne
The bulk of the wheat exported from India, trade and industry sources say, is being sourced at rates significantly higher than the state-mandated price of Rs 2,015 per quintal in MP, UP and Gujarat
240,000 tonnes to be shipped in April itself; export approved after rigorous process of field visits and checks in quarantine facilities
Punjab has made arrangements for procuring 135 lakh MT of wheat in the ongoing season
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'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.
A fire broke out on the farms of Kachhwa village in Haryana's Karnal district on Sunday destroying standing wheat crop spread over 200 acres.
India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government, which is yet to issue wheat shipment data for the last 10 days of March
A quantity of 34,917 tonnes of wheat has been procured till April 3, benefitting 3,510 farmers with MSP value of Rs 70.36 crore
Goyal says wheat exports in FY23 will be over 10 million tonnes
The country's wheat exports are likely is cross 10 million tonnes during 2022-23, due to increasing demand for the commodity in world market, Commerce and Industry Minister Piyush Goyal
"The total export of wheat in terms of quantity during 2021-22 (till 21st March 2022) was 70.30 LMT"
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
Wheat market prices higher than MSP; UP targeting to buy 6 MT
The country is the top global producer of wheat after China
Chicago wheat and corn futures fell, ahead of Ukraine and Russia heading for peace talks, with worries over surging COVID-19 cases in China weighing on commodities markets further
Exporters say they aren't merely looking to serve a stop-gap requirement but want to become credible long-term suppliers
The notice comes as Chinese authorities spare no effort to raise domestic production in spring ploughing season, which started from early April
Exporters want de-clogging of ports to further push shipment