Page 6 - Wheat

India's wheat exports could quadruple to 8-year high as global prices rally

2021 exports seen at 4.2-4.4 mn tonnes vs 1.1 mn tonnes a yr ago * Asian buyers prefer Indian wheat due to lower freight

Govt procures record 43.33 MT wheat in 2021-22 rabi marketing season

The government has procured record 43.33 million tonne of wheat in the 2021-22 rabi marketing season, the Food Ministry said on Monday. Wheat marketing season is from April to March, but bulk of procurement is normally done in the first 3-4 months. The previous record was 38.99 million tonne (MT) in the 2020-21 rabi marketing season. "Hitting an all-time high, 43.33 million tonne of wheat has been procured from most of the wheat procuring states after conclusion of current marketing season 2021-22," the ministry said in a release. About 49.15 lakh farmers have already benefitted from the current procurement operations with an MSP (minimum support price) value of Rs 85,581.39 crore, it said. However, procurement of paddy grown in the kharif season of 2020-21 is still continuing. Kharif paddy is procured between October and September. The ministry said paddy buying is continuing smoothly and so far 86.98 million tonne of paddy has been purchased as against 75.92 million tonne in th

Govt buys record 418.47 lakh tn wheat at MSP for Rs 82,648 cr this year

The Centre on Wednesday said it has procured a record 418.47 lakh tonnes of wheat so far in the current marketing year that started in April, costing exchequer Rs 82,648 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). The Rabi marketing season (RMS) 2021-22 runs from April to March but the bulk of the procurement gets completed by June. "Procurement of Wheat in ongoing RMS 2021-22 is continuing smoothly in the procuring states of Uttar Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh and Jammu & Kashmir at MSP, as was done in previous seasons," an official statement said. Till June 8, the government has purchased 418.47 lakh tonnes of wheat as against 373.22 lakh tonnes in the corresponding period of the previous year. "About 46 lakh farmers have already been benefitted from the ongoing

Biscuit maker Parle Products forays into packaged wheat flour market

Parle-G, set up in 1929, operates in the biscuits, snacks, and confectioneries categories.

Himachal Pradesh procures record 1,00,657 quintals of wheat in rabi season

Himachal Pradesh government has procured a record 1,00,657 quintals of wheat during the ongoing rabi marketing season which started on April 15

Rabi marketing season: Over 125 lakh MT wheat procured in Punjab so far

Over 125 lakh metric tonne wheat has been procured in Punjab so far in the ongoing rabi marketing season

India's foodgrain production to rise 2% in 2020-21: Government

India's foodgrain production is estimated to rise 2 per cent in 2020-21 crop year to an all-time high of 303.34 million tonnes

Wheat sowing increases 4% at 32.53 mn hectare so far this rabi season

The area under the coverage for paddy is down marginally to 14.83 lakh hectare so far this rabi (winter-sown) season from 15.47 lakh hectare in the corresponding period previous year

Commodity picks: December 14 2020

The price is expected to trade lower at Rs 1,400 a quintal following ample wheat supplies

Commodity Picks: 30 November, 2020

Wheat prices in Delhi market are trading at Rs 1,811 per quintal

Commodity picks: 28 September, 2020

Wheat is trading at Rs 1,786 per quintal in Delhi

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

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

Commodity picks: 17 August, 2020

For the week ahead, prices are expected to remain weak and head towards Rs 3,775 and then Rs 3,750 per quintal

Kharif sowing: Labour shortage in Punjab, abundance in UP amid Covid-19

The first of a two-part series looks at the problems cultivators are facing during the pandemic

Wheat procurement season kicks off amid Covid-19 crisis, lockdown curbs

The entire marketing of rabi crops looks problematic due to social distancing norms and dearth of labour

India to export 90,000 tonnes of surplus wheat to Afghanistan, Lebanon

. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains

Commodity picks: 23 February, 2020

Prices are expected to trade lower towards Rs 1,600 per quintal given the expected new arrivals

UP targets rabi wheat procurement of 5.5 mn tonnes at Rs 1,925/quintal MSP

State allows purchase from share croppers, contract farmers; last year it could log only 3.8 MT of wheat compared to seasonal target of 5.5 MT

Commodity Picks: 09 March, 2020

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