Wheat is the main rabi (winter) crop, with sowing beginning from late October, while harvesting from March onwards. Other rabi crops include jowar, barley, gram and lentil.
Punjab received 253.7 mm of rain in August, which was not only 74% in excess of normal but also the highest the state has seen in the last 25 years. Experts warned the disaster could impact the country's public distribution system, apart from short-term paddy price inflation.
FCI's surging wheat stocks are sufficient to dispel the prospect of imports that has kept the global trading community guessing
Day temperatures are expected to start rising from the second week of March, and by the end of the month, maximum temperatures could exceed 40 degrees Celsius (104°F) in many states, the official said.
As per the revised stock limit to be applicable till March 31, the government said traders/ wholesalers can keep only 250 tonnes of wheat as against the earlier norm of 1,000 tonnes.
India is expected to experience above-normal minimum and maximum temperatures from December to February, IMD said
On October 16, the Cabinet announced a 2-7 percent hike in MSP of rabi produce for the season
The Centre said it has lowered the limit of wheat stocks that traders and millers can hold to help boost the grain's availability and moderate prices.
Bumper harvests in wheat, corn and soybeans mean food prices are falling
Ukraine is a major global wheat and corn grower and before Russia's invasion in 2022 the country exported about 6 million tons of grain alone per month via the Black Sea.
The government has allowed the state-run Food Corporation of India (FCI) to start offering wheat from its inventories from next month at 23,250 rupees ($279) a ton, the order said, nearly 12% lower than prevailing open market prices.
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The Government of India has imposed stock limits on wheat wholesalers, retailers and processors till FY25, effective from June 24, in a bid to crack down on hoarders and speculators and to ensure price stability. The permitted stockholding limit notified is 3,000 tonnes for wholesalers, 10 tonnes for retailers, 10 tonnes for each outlet and 3,000 tonnes at all depots for big chain retailers. Watch.
Telangana has emerged as the fastest-growing major state in terms of cereal output over the past decade
No shortage of wheat in the country, says secretary
Single retailers, big-chain retailers, processors and wholesalers will disclose wheat stocks every Friday, said Union Food Secretary Sanjeev Chopra in a press briefing here.
The state-run Food Corporation of India (FCI) has procured around 26.6 million tonnes of the grain until June 11
While in Urban India, consumption of cereals declined to 8.05 kgs in 2022-23 from 9.32 kgs in 2011-12, in rural households it decreased to 9.61 kgs in from 11.23 kgs during the same period, according to a detailed report on Household Consumption Expenditure Survey (HCES) released by the Ministry of Statistics and Programme Implementation (MoSPI) on June 7.
The fifth-biggest economy has kept key crops like sugar and some major rice varieties off the global markets for more than a year.
New Delhi is expected to abandon a 40% tax on wheat imports this year, officials and other sources told Reuters, paving the way for private traders and flour millers to buy from producers such as top exporter Russia, albeit in modest volumes.
Further, even as the ban on outbound shipments of wheat continues, "it will be a dream for us to export now", Food Secretary Sanjeev Chopra told reporters on Thursday.
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The lower target has been fixed despite the Ministry of Agriculture hoping for a record wheat production of 114-115 million tonnes in the 2023-24 crop year (July-June).
The reason for the agitation by Punjab’s farmers is a desire to reduce area under paddy but still earn similar income from other crops Siraj Hussain and Kriti Khurana
The noted agricultural economist says that MSP is not the right instrument to increase farm income since it could create major disruptions in the economy.