WHEAT IMPORT
Govt imposes stockholding limit on wheat to check hoarding
Food secretary Sanjeev Chopra hinted at the possibility of removing import duty on wheat, saying the government is open to all options to keep prices under control. Wheat prices in retail markets are ruling 6% higher than the comparable period of previous year, despite the government's claim of a bumper crop. "I want to dispel the shortage of wheat in the country," Chopra said, adding that the stock limit has been imposed to reduce hoarding.
Centre imposes stockholding limit on wheat to check hoarding, ensure price stability
India has capped wheat stock limits for retailers and processors and may reduce or eliminate import taxes to stabilize prices, said Food Secretary Sanjeev Chopra. This move aims to curb inflation and manage supply, as the government explores various measures to ensure wheat price stability in the market.
Climate-proofing India's daily bread: The race for resilient wheat
Satveer Singh's family relies on a sack of wheat flour to stave off hunger. They barely manage, aided by government rations, despite irregular supply. Extreme weather has slashed India's wheat production, forcing the government to cut rations and halt exports. Efforts are underway to develop climate-resilient wheat varieties, crucial for food security.
Climate-proofing India's daily bread: The race for resilient wheat
Climate change impacts - including harsher heat, drought and floods - pose a major emerging threat to food security in India and elsewhere, accelerating diverse efforts to introduce crops that are better able to withstand shifting conditions.
After electoral setback, Modi may be forced to amend India's food policy
Facing policy challenges after recent election losses, Indian Prime Minister Narendra Modi grapples with controlling food inflation without angering farmers through export curbs and increased imports. With crucial provincial elections looming, Modi must balance economic measures and farmer interests to maintain political stability and address rural discontent.
Government proposes export obligation period review for certain sectors
India allows duty free import of inputs used for manufacturing for exports subject in advance authorisation to export obligation period in which exporters have to ship the goods within a stipulated time period otherwise they’re penalised. The Directorate General of Foreign Trade (DGFT) has sought comments of all the concerned stakeholders on the proposed amendments within 15 days.
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India, one of the largest importers of urea, plans to be self-sufficient by 2025. Is it feasible?
A closer look at India’s strategy to end urea imports by 2025 shows gaps that need to be filled before shutting the import tap.
No proposal to alter duty structure import of wheat: Govt
There have been demand from various industry representatives to reduce the 40% duty on import of wheat to augur domestic supply to contain prices of wheat.
Election results in the onion belt increases hopes of industry and farmers for more farm friendly policies
"Soyabean prices have been low as the crushing of our own crop was less due to higher imports of cooking oils. Low import duties and low prices in the international markets led to a substantial increase in the import of cooking oils," said BV Mehta, executive director, the Solvent Extractors' Association (SEA).
Best Pasta in India for Best Italian Culinary Experience (2024)
Are you looking for the best pasta to make Italian dishes at home? If so, then continue reading this article to learn about the best pasta in India. All of these suggestions are made from quality ingredients so that you get only the healthiest options. Go through the article to find the one that suits you best and place your order using the buying link shared in the article below.
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
India set for wheat imports after six years, to shore up reserves
India is set to resume wheat imports after a six-year hiatus to replenish dwindling reserves and stabilize soaring prices caused by poor harvests. The government is expected to scrap the 40% import tax post-election, allowing private traders to source from top exporter Russia. This move is crucial to ensure ample wheat supply in the market and avoid further price hikes.
Pricier kitchen staples upset home budgets
The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level.
Wheat processors calls for removal of import duty to ease supply shortage
The wheat processing industry is urging the removal of the 40% import duty on wheat to address the shortage in the local market. With government procurement falling behind targets and carry-forward stocks at a 16-year low, industry representatives argue that eliminating the duty would facilitate imports, bolster buffer stocks, and stabilize wheat prices. International wheat prices have surged by over 15% in the last 10 days, making it financially viable for some mills in South India to import wheat if the duty is lifted.
Indian wheat was poised to feed the world. It now grapples to replenish reserves
India's wheat policy requires a comprehensive review to ensure the production and procurement balance is maintained.
Revitalize Your Health: Discover the Best Wheat Grass Juice in India
Wheatgrass juice is a nutrient-dense beverage made from the young shoots of the wheat plant. Packed with vitamins, minerals, enzymes, and antioxidants, wheatgrass juice offers a plethora of health benefits. It is known to boost immunity, aid in detoxification, improve digestion, promote healthy skin, and boost energy levels. Regular consumption of wheatgrass juice is considered a natural and effective way to enhance overall health and well-being. So, give yourself a healthy life ahead by purchasing wheatgrass juice now.
Private firm pegs wheat output at 105 MT against government’s 112 MT
Agriwatch estimates India's wheat production at 105.6 million tonnes, lower than the government's forecast, urging wheat imports to stabilize supply. A supply crunch has depleted Food Corporation of India stocks, forcing the government to offer wheat to traders. Food inflation concerns rise amid lower production projections for 2023-24 due to poor monsoon
India better prepared than Pakistan to handle climate shocks in wheat crop: Agri scientists
One of the reasons behind Pakistan still being dependent on imports to meet domestic requirements is its failure to develop indigenous varieties of climate-resilient seeds.
Centre aims 7-fold jump in wheat procurement from UP, Rajasthan, Bihar this year
"UP, Bihar, and Rajasthan have been contributing much less than they could have. We are targeting total wheat procurement of 310 lakh tonne this year. Of which, we are hoping to procure at least 50 lakh tonne from three non-traditional procurement states alone," he said.
India asks traders to avoid buying new-season wheat to shore up state stocks
India has urged both global and domestic trade houses to refrain from purchasing new-season wheat from local farmers in order to support the government-backed Food Corporation of India (FCI) in procuring large quantities to replenish its diminishing reserves, according to sources. The country, a major consumer and producer of wheat, banned exports in 2022 and seeks to bolster stocks and stabilize prices following adverse weather conditions affecting output in 2022 and 2023.
India asks traders to avoid buying new-season wheat to shore up state stocks
India urges global and local trade entities to refrain from purchasing new-season wheat from farmers to support the Food Corporation of India (FCI) in bolstering its diminishing reserves. Dry weather has impacted wheat output, prompting the government to intervene to stabilize prices and ensure sufficient supply for welfare programs.
Russian wheat export prices up last week for the first time since early January, say analysts
Russian wheat export prices rose last week after a long decline, with April FOB delivery prices at $201-$204. Sovecon highlighted rapid spring sowing pace and 424,600 hectares under spring crops.
Review procurement policy for wheat, rice at MSP: Niti Panel
A NITI Aayog working group has recommended the government to reconsider its open-ended procurement policy for rice and wheat at minimum support prices to encourage farmers to diversify towards other crops like nutri-cereals, pulses, and edible oil. The group argues that the policy discourages diversification towards high-value and riskier crops, and suggests restricting procurement to meet food security and welfare schemes.
NITI Aayog working group suggests government re-visit rice and wheat procurement policy at MSP
The 23-member working group on crop husbandry, agriculture inputs, demand and supply, set up by the Aayog in 2022 under PS Birthal, director, ICAR-NIAP, is of the view that the open-ended procurement of rice and wheat at minimum support prices acts as a disincentive for diversification towards high-value and riskier crops.
Cold snap helps India's wheat crop but warm weather forecasts pose risk
India's cold snap could boost wheat harvest, but abnormal rise in temperatures would impact yields and force imports. Poor wheat output in 2022 and 2023 led to low state reserves, necessitating imports if there's a third consecutive poor harvest. The government has resisted wheat imports to date. The current cold weather is aiding wheat growth, and a target of 114 million metric tons is expected. However, sudden temperature rise in the grain formation stage poses a risk. It is crucial that weather conditions remain favorable until April. The crop size will be determined by weather in the next eight weeks.
India has no plans to import wheat for now: Piyush Goyal
India does not intend to import wheat as it expects a record wheat harvest of around 114 million metric tons, according to Trade Minister Piyush Goyal. Despite earlier restrictions on wheat exports, India has sold approximately 6 million metric tons of wheat to local buyers since June 1, with state warehouses likely to maintain inventories above the 7.46 million metric tons target when the new marketing year begins on April 1.
As if bales of problems weren't enough, pink bollworm hits Northern farmers hard
To support farmers, the government undertakes minimum support price operations through the Cotton Corporation of India. The state-run company begins procurement from the market when prices of fair average quality-grade cotton fall below MSP. But since the quality of cotton has been affected, CCI has not been able to procure it.
Prices of onion, wheat and pulses fall on fear of government action
Wheat prices have declined by 15% in the last four days after the central government tightened the stock holding limit on traders and processors. Likewise, the wholesale prices of onion at the benchmark Lasalgaon APMC in Maharashtra have crashed by 15-20% after the Centre banned onion export on December 8.
Farmers of India's dry soil wary of planting wheat despite record high prices
Indian farmers are unlikely to boost wheat planting despite prices hitting record highs as they opt for less-water intensive crops. While wheat planting area will reduce eventually, the world's second-biggest wheat producer may then also maintain its export ban or even force it to resort to imports, according to industry officials and scientists.
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