India lowered import tax on wheat to 10% from 25% in Sept 2016; scrapped duty on Dec 8, 2016
Consignments with false certificates could make their way to Indian shores, posing health risks
India scrapped its import duty in December and has been purchasing high-protein grain
Mustard, another rabi crop, will benefit from warmer days
The farm ministry last week forecast wheat output at 96.64 million tonnes in 2017
Closing stocks of wheat with Central agencies as on March 2017 is projected to be 10 mn tn higher
Besides wheat, acreage under pulses too are up by 11.55% to 159.28 lakh hectare this rabi season
Wheat and mustard crops have been facing moisture stress due to a warmer than usual winter
Singh said while addressing reporters on the achievements of his ministry over the past 30 months
Since India scrapped 10% import duty on December 9, prices fell by 6% in CBoT and 5-7% locally
Production in the 2015-16 crop year, marketed in 2016-17, has been estimated at a little over 93 million tonnes
In 2016-17, wheat procurement dropped to 23 MT against a targeted 28 MT because actual harvest failed govt estimates
Angry Opposition protests over government's move to slash import duty on wheat to zero allegedly to benefit multinational firms forced adjournment of the proceedings of Rajya Sabha till afternoon today. Congress, BSP, SP, JD-U and Left members alleged that the move to slash import duty on wheat from 10 per cent to zero at a time when the country has enough buffer stock will hit the farmer hard. The move ahead of the winter wheat crop will help MNCs to dump cheap wheat from US, France and Ukraine in the country, they said. Food Minister Ram Vilas Paswan said there was no shortage of wheat in the country and the decision was taken to cool down domestic prices which has shown an upward trend in recent weeks. "Last few days, wheat prices are on the rise," he said, adding "this is not a permanent decision", indicating it can be reviewed if need arises. Minister of State for Agriculture Parsottambhai Rupala said the decision was necessitated as domestic prices were ...
The duty has been waived for an indefinite period, according to an official notification placed in Parliament
There is a shortage because of fall in domestic output in 2015-16 crop year to 86 MT
Wheat for delivery in January shed 0.10% to Rs 2,070 per quintal in 2,690 lots
Wheat imports are being undertaken to meet domestic shortages
MSP of chana raised by Rs 500/ quintal and masur by 550 per quintal
Additional grain to be made available by tweaking strategic reserve norms
The government will change the norms to have three million tonnes of rice and two million tonnes of whea