Pune: The prices of pulses, wheat and onion fell substantially following a series of price control measures announced by the central government last week. 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 … Read more
For the first time in 15 years, the government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The government also decided to offload 15 lakh tonnes of wheat to bulk consumers and traders from the central pool in the first … Read more
Flour mills that make atta and maida have picked up 42% of the wheat the government sold in the open market through its first tender last week, according to the chairman ofFood Corporation of India (FCI), the government agency that purchases grains from farmers at the minimum support price. Domestic wheat prices, which had crashed … Read more
The government has ruled out any action to control wheat prices as it keeps a close watch on the price movement of the commodity. The price rise of the food grain is in tandem with the increase in the minimum support price (MSP) and general inflationary trends, said Sanjeev Chopra, secretary, the Department of Food. … Read more
Soaring wheat prices in India could prompt price-cooling measures such as the release of state reserves into the open market while axeing the 40% tax on imports, trade and government sources said on Thursday. The government has been trying to rein in food inflation, but its efforts have been complicated by wheat prices that have … Read more
India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier. Commerce Secretary B.V.R. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July. India exported … Read more