Prices of wheat, sugar, rice on declining trend after govt measures: Food Secretary
2 years, 6 months ago

Prices of wheat, sugar, rice on declining trend after govt measures: Food Secretary

Firstpost  

After a number of steps we took, it is showing its impact despite all challenges, said Sudhanshu Pandey New Delhi: Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the government, including curbs on exports of wheat and sugar, Food Secretary Sudhanshu Pandey said on Thursday. The average retail price of wheat flour has declined by 0.30 per cent to Rs 33.4 per kg in a week while wheat rate has also showed a declining trend and stood at Rs 29.8 per kg on 1 June, he said. The average rice prices ruled at Rs 36.1 per kg in retail markets while it was at Rs 31.40 per kg in wholesale markets on 1 June. There was a fall in the average retail price of groundnut oil by 0.24 per cent to Rs 186.43 per kg on 1 June from over a week, by 0.70 per cent in mustard oil to Rs 183.68 per kg, by 0.39 per cent in soyabean oil to Rs 169.41 per kg, and 0.69 per cent in RBD palmolein at Rs 156.4 per kg in the said period.

Trend Retail Rice Prices Wheat Price Cent Sugar Edible Oils Declining Trend 1 June  price  sugar  measures  wheat  trend  rs  declining  secretary  prices  rice  cent  retail  food  kg  govt  edible

History of this topic

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings
3 weeks, 6 days ago

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings

Live Mint  

New Delhi: India’s rice sector, which contributes 35% to global rice trade, faces profitability challenges despite record production of 137.8 million tonnes in FY 2023–24, according to a rice ondustry Outlook for 2024 released by Infomerics Ratings on Wednesday. Sustainable practices and cost management are essential for India to maintain its leadership in global rice trade while safeguarding domestic food …

Indian wheat prices hit record high on strong demand, supply crunch
1 month, 1 week ago

Indian wheat prices hit record high on strong demand, supply crunch

Deccan Chronicle  

Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes …

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies
3 months, 2 weeks ago

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies

Live Mint  

New Delhi: The government started selling onions at ₹35/kg on Thursday to contain rising prices, replicating the step taken to cool rising tomato prices earlier this year. “The subsidised onions will be sold in Delhi NCR and Mumbai in the first phase,” Union minister of consumer affairs and food distribution Pralhad Joshi said while launching the initiative. The subsidised onions …

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi
3 months, 3 weeks ago

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi

Live Mint  

New Delhi: The Indian government is looking at relaxing its year-old export ban on non-basmati white rice amid surplus stock and a significant surge in paddy sowing, said union minister for consumer affairs, food and public distribution Pralhad Joshi. Rice exports during April-June fell by nearly 34% to 3.2 million tonnes after the export of non-basmati white rice was restricted …

India plans to ease rice export curbs as stocks surge to record, sources say
5 months, 1 week ago

India plans to ease rice export curbs as stocks surge to record, sources say

New Indian Express  

New Delhi: India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record high. New Delhi is expected to lower the basmati rice's minimum export price to $800-$850 a metric ton, …

The paradox of high food prices amid surpluses
5 months, 1 week ago

The paradox of high food prices amid surpluses

New Indian Express  

Shivraj Singh Chouhan has taken charge at New Delhi’s Krishi Bhawan as the Union agriculture minister. We face a peculiar situation where production estimates are reaching record levels, yet food prices are skyrocketing. The government claimed record wheat production last year, but had to impose stock limits on the grain on June 13, 2023. This year, too, government estimates set …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

‘Monsoon pause delays sowing, spikes food prices’
6 months ago

‘Monsoon pause delays sowing, spikes food prices’

The Hindu  

The stalled monsoon has delayed Kharif crop sowing and the persistent heat wave in parts of India is fuelling food price hikes, particularly in vegetables, whose average retail prices rose by about 45.1% this month, economic researchers noted on Monday. Following a rapid onset to cover half the country in the first half of June, there was no further advance …

Rice prices up by 10-20% in wholesale market due to lower production
6 months, 2 weeks ago

Rice prices up by 10-20% in wholesale market due to lower production

Hindustan Times  

Navi Mumbai: It’s now time for rice to pinch the pocket. Traders at the Agricultural Produce Market Committee market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice production. APMC market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 1 week ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

What are the regulations with respect to rice prices? | Explained
10 months, 2 weeks ago

What are the regulations with respect to rice prices? | Explained

The Hindu  

February 09, 2024 08:30 am | Updated 11:45 am IST The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. In the year 2022-2023, India produced 135 million tonnes of rice, which is 62.84 lakh tonnes higher than the previous year. While Basmati rice prices are …

Retail inflation at 4-month high, industry shows muted growth
11 months, 1 week ago

Retail inflation at 4-month high, industry shows muted growth

Hindustan Times  

New Delhi: Retail inflation rose to a four-month high in December, driven by food articles, although prices of cereals and vegetables decelerated compared to the previous month, official data showed on Friday. Consumer prices soared to 5.69% in December from a year ago, higher than November’s 5.55%, but remained within the Reserve Bank’s upper limit of 6% for the fourth …

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
11 months, 2 weeks ago

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024

The Hindu  

Indian rice exporters anticipate 2024 to be a challenging year marked by policy uncertainties and elevated local prices, hindering the normalisation of rice exports from the country. According to S&P Global Commodity Insights, the Indian Government's policy intervention in 2023, including banning non-Basmati white rice exports, imposing a 20 per cent duty on parboiled rice exports, and setting a minimum …

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year
11 months, 2 weeks ago

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year

India TV News  

Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. In the preceding 2022-23 crop year, wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year. Last year, the FCI's …

2023: A year of food-price and climate shocks
1 year ago

2023: A year of food-price and climate shocks

Hindustan Times  

Food price shocks turned India protectionist this year, as the country went from being the largest exporter of rice and a big overseas seller of sugar and fresh vegetables to banning or restricting overseas shipments and trade of most commodities. The country prohibited overseas shipments of wheat in March 2022, white rice in July this year and onions this month, …

Wholesale inflation back in positive zone after 7 months, at 0.26% in November
1 year ago

Wholesale inflation back in positive zone after 7 months, at 0.26% in November

The Hindu  

After seven months of deflation, India’s wholesale prices rose 0.26% in November compared to a -0.52% rate in October. The Commerce and Industry Ministry attributed the uptick primarily to an increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufactured goods. Wholesale food prices rose 4.7% in …

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices
1 year ago

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices

Live Mint  

The government has banned exports of onion and imposed additional limits on stocking of wheat as it seeks to augment availability of these key staples and check rising food prices ahead of the general election next year. “The prevailing supply crunch in the market owing to the early depletion of stocks from the 2022-23 rabi season and estimated lower output …

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia
1 year, 1 month ago

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia

Associated Press  

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Indonesia — the biggest sugar importer last year, according to the United States Department of Agriculture — has cut back on imports. Sugar worldwide is trading at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand, the world’s second- …

Rice output expected to drop this year, govt may extend curbs on exports
1 year, 1 month ago

Rice output expected to drop this year, govt may extend curbs on exports

Firstpost  

The weaker output along with persistently high domestic rice prices ahead of five state elections this month and a general election next year have left farmers and traders worried that the government will prolong restrictions on exporting the grain. India’s rice production is expected to drop in 2023, raising the prospect that the central government will extend curbs on exports …

Latest update on prices of essential food items during festivals: Know here
1 year, 2 months ago

Latest update on prices of essential food items during festivals: Know here

India TV News  

Essential food items prices: The prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra today said. The secretary was briefing the media on the domestic supply and prices of key essential food items like wheat, rice, sugar and edible oils. Sugar opening stock stood at 57 lakh tonnes on October 1, the …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 2 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

Export bans and stocking limits: are they working? | Data
1 year, 3 months ago

Export bans and stocking limits: are they working? | Data

The Hindu  

September 20, 2023 02:32 pm | Updated 04:00 pm IST A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and rice export bans and increasing export duties, were “knee-jerk approaches rather than a well-thought-out strategy”. Chart 2 | The chart …

Supply of wheat, rice, sugar and edible oils adequate; not to see upswing in prices in festival season, says Food Secretary
1 year, 3 months ago

Supply of wheat, rice, sugar and edible oils adequate; not to see upswing in prices in festival season, says Food Secretary

The Hindu  

Retail prices of key essential food items, especially wheat, rice, sugar, and edible oil prices, are unlikely to see any sharp upswing in the upcoming festival season as the country has adequate supply and the government is keeping a close vigil on hoarders, Food Secretary Sanjeev Chopra said on September 14. "So my analysis is that in the next upcoming …

Govt. limits wheat stocks to control price rise, hoarding
1 year, 3 months ago

Govt. limits wheat stocks to control price rise, hoarding

The Hindu  

Sensing an upward movement in wheat prices and fearing hoarding ahead of the festive season, the Centre has decided to reduce the stock limits of wheat for traders, wholesalers, retailers, big chain retailers and processors in all States and Union Territories. “Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no …

Global rice prices surge 15-year high after India bans overseas rice exports: Report
1 year, 3 months ago

Global rice prices surge 15-year high after India bans overseas rice exports: Report

Hindustan Times  

Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said on Friday. Representational image While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white …

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs
1 year, 3 months ago

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs

Business Standard  

By Ben Sharples and Anuradha Raghu In about six weeks, India has rattled the rice market. Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday after India slapped more curbs on parboiled and basmati over the previous weekend. “Spikes in rice prices always hurt poor consumers the most,” said Peter Timmer, Professor Emeritus …

Oilseeds and Pulses Vulnerable to Price Spikes: Report
1 year, 3 months ago

Oilseeds and Pulses Vulnerable to Price Spikes: Report

Deccan Chronicle  

Chennai: The threat of food price inflation has not waned yet as oil seeds and pulses are still vulnerable to erratic monsoon progression. Apart from a 37.3 per cent surge in vegetable prices, other sub-components like cereals, milk, pulses and spices also showed a significant rise. Given their relatively high reliance on imports, any decrease in domestic production could potentially …

Govt. imposes 20% export duty on parboiled rice
1 year, 3 months ago

Govt. imposes 20% export duty on parboiled rice

The Hindu  

The government has imposed a 20% duty on the export of parboiled rice, a move aimed at maintaining adequate local stock and keep domestic prices under check. Last month, the government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. In the April-June period of this fiscal, about …

Driven to tears: The Hindu Editorial on the government’s move to arrest prices
1 year, 4 months ago

Driven to tears: The Hindu Editorial on the government’s move to arrest prices

The Hindu  

With consumer food prices rising 11.5% in July, likely the third highest since the current retail inflation data series began in 2014, the government last Saturday made yet another gambit to arrest prices. These worries likely triggered the recent uptick in onion prices from around ₹23 a kilo two months ago to over ₹31 by this Monday. Relative to tomatoes, …

India set to ban sugar exports for first time in 7 years
1 year, 4 months ago

India set to ban sugar exports for first time in 7 years

Live Mint  

India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. “For the upcoming season, we will not have enough sugar to allocate for export quotas.” India allowed mills to export only 6.1 million …

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report
1 year, 4 months ago

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report

India TV News  

India is reportedly in talks with Russia to import 8 to 9 million tonnes of wheat to help reduce the prices of the commodity in the domestic market, reported TASS news agency citing The Economic Times. Despite India needing only 3 to 4 million metric tonnes of wheat to plug a shortfall, it is considering a bigger import to have …

How India’s ban on some rice exports is ricocheting around the world
1 year, 4 months ago

How India’s ban on some rice exports is ricocheting around the world

Al Jazeera  

India’s decision to ban exports of some rice was based on domestic reasons, but it’s had a global impact. “Earlier rice was trading for $550 per metric tonne, now prices are hovering above $650,” Nitin Gupta, senior vice president of Olam Agri India Private Limited, one of India’s biggest rice exporters, told Al Jazeera. Here’s an explainer on India’s role …

High food prices may be the new normal
1 year, 4 months ago

High food prices may be the new normal

Hindustan Times  

A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index basket. In the textbook world of inflation targeting, high inflation is taken as a sign of an overheating economy, …

WFP taps India for 200,000 tonnes of rice as global hunger worsens
1 year, 4 months ago

WFP taps India for 200,000 tonnes of rice as global hunger worsens

Live Mint  

New Delhi: The World Food Programme has sought 200,000 tonnes of rice for its humanitarian operations from India, the largest exporter of the commodity, amid what it called “catastrophic levels” of global food insecurity triggered by the covid-19 pandemic and the Ukraine war, two people aware of the development said. The request comes after the UN-brokered Black Sea grain deal, …

After rice, is India looking at banning sugar exports?
1 year, 4 months ago

After rice, is India looking at banning sugar exports?

Firstpost  

For sweet lovers across the world, there could be some bitter news. The fears of a sugar export ban come at a time when the country’s food inflation has risen to 4.49 per cent in June, against a revised 2.96 per cent in May. A whopping 4.5 million tonnes is being diverted to make ethanol, a 9.8 per cent rise …

Rising food prices may undo recent respite from inflation
1 year, 4 months ago

Rising food prices may undo recent respite from inflation

The Hindu  

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India in July, owing to a broad-based uptick in food prices, and could remain sticky in coming months, economists reckon. Core inflation may ease State Bank of India group chief economic adviser Soumya Kanti Ghosh is not as sanguine and …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

LA Times  

A farmer works in a rice paddy in June on the outskirts of Guwahati, India. Global prices for food commodities including rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

Food prices rise after Russia ends grain deal, India restricts rice exports
1 year, 4 months ago

Food prices rise after Russia ends grain deal, India restricts rice exports

Al Jazeera  

There are new risks to global food prices after Russia exited grain deal and India restricted some rice exports. Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice …

Govt bans exports of non-basmati white rice. What will be impact in US
1 year, 5 months ago

Govt bans exports of non-basmati white rice. What will be impact in US

India TV News  

The Government of India has recently announced a ban on the export of non-basmati white rice with immediate effect to stabilise the volatile retail prices in the country. In a statement on July 20, the Ministry of Food and Public Distribution said that in order to ensure adequate availability of non-basmati white rice in the Indian market and to reduce …

Tomato prices expected to fall after higher supplies from Maharashtra, Madhya Pradesh, says Centre
1 year, 5 months ago

Tomato prices expected to fall after higher supplies from Maharashtra, Madhya Pradesh, says Centre

The Hindu  

The government on July 21 said retail prices of tomatoes are expected to fall with a higher supply of new crops from Maharashtra and Madhya Pradesh. In a written reply to Rajya Sabha, Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey said, "Prices of tomato are expected to come down with the increase in the …

Will India’s rice export ban cause surge in prices globally?
1 year, 5 months ago

Will India’s rice export ban cause surge in prices globally?

Firstpost  

India has halted the export of non-basmati white rice, raising fears of a further increase in the grain’s prices globally. The move comes as key rice-growing states across the country have been affected by uneven rainfall this year India has banned the export of non-basmati white rice in a bid to control domestic prices. Reuters says India’s ban could nearly …

India considers a rice export ban – what would that mean for the world?
1 year, 5 months ago

India considers a rice export ban – what would that mean for the world?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global prices for rice could soar again as the world’s largest supplier, India, considers banning …

Spiralling food prices: on the build-up of underlying inflation pressures
1 year, 5 months ago

Spiralling food prices: on the build-up of underlying inflation pressures

The Hindu  

Indian households find themselves yet again struggling to cope with a sharp surge in the prices of essential kitchen staples — ranging from tomatoes, onions and potatoes to tur dal and rice. Tomato prices have more than doubled month-on-month with the all-India average retail price as on June 29 soaring to ₹53.59 a kilogram, from ₹24.37 on May 29, data …

Nationwide surge in food prices shows retail inflation far from tamed
1 year, 5 months ago

Nationwide surge in food prices shows retail inflation far from tamed

The Hindu  

A sharp increase in the retail prices of several crucial food items over the past one month — from the essential vegetables of tomato, onion and potato to the basic cereals of rice and wheat, tur dal, the commonest protein source in vegetarian households, and even loose tea — has left households and small eatery operators scrambling to juggle their …

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices
1 year, 10 months ago

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices

India TV News  

In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor. "So far, 50 lakh tonnes of wheat have been decided to be offloaded under the OMSS. The reduction in reserve price along with additional offloading of 20 …

Explained: Why your monthly grocery expenses are going up again
1 year, 10 months ago

Explained: Why your monthly grocery expenses are going up again

India Today  

Monthly grocery expenses of Indian households have been going up since last month. Retailers and traders attribute the fresh price hikes in several essential commodities -- including basic food items like milk, rice, flour and other staples -- to higher production costs, lower domestic production, rising export demand, weaker supply and continued rise in inflation. Prices were last increased earlier …

India likely to continue curbs on wheat, rice exports
1 year, 10 months ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas …

Centre may continue curbs on wheat export
1 year, 10 months ago

Centre may continue curbs on wheat export

Live Mint  

New Delhi: India may extend its ban on wheat exports beyond March and continue to curb shipments of non-premium rice to tamp down local prices while expanding purchases of cereal stocks that are at their lowest in five years, two people familiar with the development said. The government banned wheat export in May 2022 as shipments quickened due to the …

Costlier wheat hits staples; flour prices get 22% higher
1 year, 10 months ago

Costlier wheat hits staples; flour prices get 22% higher

Hindustan Times  

Wheat prices have remained stubbornly high in India, declining only marginally despite several measures undertaken by the government to cool prices, with a cascading effect on rates of wheat products from atta to biscuits and confectionary. Daily retail wheat flour prices on February 1 were 22% higher on an annualised basis, while wholesale prices leapt 31%, official data show. In …

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