Prices of onion, wheat and pulses fall on fear of government action

Prices of onion, wheat and pulses fall on fear of government action

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

Government imposes stock limits on wheat till March 2024; to offload 15 lakh tonnes under OMSS to check prices

Government imposes stock limits on wheat till March 2024; to offload 15 lakh tonnes under OMSS to check prices

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

Wheat processors pick 42% of wheat offered in FCI’s first tender

Wheat processors pick 42% of wheat offered in FCI’s first tender

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

India open to exporting wheat to needy nations despite ban

India open to exporting wheat to needy nations despite ban

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