The government is keeping a close watch on exports of wheat flour which has witnessed a surge since the ban on wheat shipments was announced on May 13, Sudhanshu Pandey, secretary, ministry of food and public distribution said. “Exports of wheat flour are on the high side, if you compare with previous months,” Pandey said. […]
The Food Corporation of India (FCI) has floated a tender to build 2.47 million tonne (MT) capacity silos across 66 locations by the private sector under the design, build, finance, own and operate model. It is estimated building these silos over the next two years will cost around Rs 2,500 crore. Silos with 1.8 MT […]
Wheat acquired by the government is 57.5 per cent less than the original target this season due to higher private trade as well as a dip in harvest. Food Corporation of India (FCI) has procured 18.7 million tonnes of wheat, a day before procurement ends for the season. The procurement season ends elsewhere in the […]
As many as nine countries – including Ethiopia, Indonesia, Bangladesh, Qatar, Oman, Yemen and Jordan – have requested India to supply about 1 million tonnes (MT) of wheat in the wake of a ban on the grain’s exports from May 13. Official and trade sources told Financial Express that the entire demand is unlikely to […]
Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]
The government’s wheat procurement in the current year has fallen by more than 54% year-on-year to 18.65 million tonnes (mt) till last week. Government’s purchase of wheat by the Food Corporation of India (FCI) and other agencies at the Minimum Support Price may not touch 19 mt against 43.34 mt purchased last year during rabi […]
India will make a pitch for finding a permanent solution to the issue of public stockholding for food security in the WTO meet in Geneva starting June 12. Issues including agri subsidies and World Food Programme will be on the agenda of the 12th ministerial conference, the highest decision-making body of the 164-member World Trade […]
India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters. The world’s second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and […]
India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]
India is likely to push for “special carve-outs” in the World Trade Organization (WTO) rules in its ministerial meeting starting June 12. The “carve out rule” allows a country to ship out grains from its official reserves under exceptional circumstances to help address a global food shortage. At present, WTO rules make it difficult for […]
