Wheat Crisis Explained: What Led To India's Export Ban, Will Prices Fall Now?
2 years, 7 months ago

Wheat Crisis Explained: What Led To India's Export Ban, Will Prices Fall Now?

News 18  

The government has banned the export of wheat with immediate effect in order to control food prices in the domestic market. The daily average retail price of wheat has increased 19.34 per cent to Rs 29.49 per kg on May 9, compared with Rs 24.71 per kg a year ago. Food Secretary Sudhanshu Pandey has said retail prices of wheat and wheat flour in India have risen in the past year by up to 19 per cent, and the government’s decision to ban wheat export is expected to cool down the domestic prices in a week or so. The daily average retail price of wheat has increased by 19.34 per cent to Rs 29.49 per kg on May 9 compared with Rs 24.71 per kg in the year-ago period. In the wholesale market too, the daily average price of wheat rose 21.55 per cent to Rs 25.82 per kg on May 9 compared with Rs 21.24 per kg in the year-ago period, while atta price rose 15.88 per cent to Rs 27.89 per kg from 24.06 per kg in the comparable period, the report added.

Food India Prices Wheat Price Pti Cent Export Ban Wheat Export  price  crisis  cent  food  wheat  period  rs  ban  prices  explained  kg  led  export  tonnes  retail  indias  fall

History of this topic

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 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 …

Rice, a Political Tool | India’s Ban on Non-Basmati White Rice Leaves Global Rice Market in Perilous State
4 months ago

Rice, a Political Tool | India’s Ban on Non-Basmati White Rice Leaves Global Rice Market in Perilous State

The Hindu  

Published : Aug 23, 2024 15:38 IST - 4 MINS READ The lack of progress towards the goal of “Zero Hunger” highlighted in the report on “The state of food security and nutrition in the world 2024” by the Food and Agriculture Organization on July 24 reminds us of the ban that the Indian government imposed on the export of …

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 …

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue
5 months, 3 weeks ago

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue

Live Mint  

Rice exports during April-June of the current financial year have fallen by nearly 34% to 3.2 million tonnes after the Centre banned outward shipments of non-basmati white rice and broken rice and a 20% tariff on the parboiled variety. The prohibition on non-basmati white rice was announced last July to safeguard domestic food security and protect consumers from price shocks …

‘Keeping Prices Stable Top Priority’: After Pulses, Centre Imposes Stock Limits On Wheat
6 months ago

‘Keeping Prices Stable Top Priority’: After Pulses, Centre Imposes Stock Limits On Wheat

News 18  

Days after imposing stock limits on pulses, the government has now imposed stock limits on wheat from June 24, 2024 to March 31, 2025. “We will be taking action as required which would ensure that the prices of wheat remain stable.” ‘NO SHORTAGE OF WHEAT; PRICES STABLE’ Chopra rubbished reports of shortage of wheat in the country. The prices are …

India plans to reduce wheat import duty from July in a bid to cool prices
6 months ago

India plans to reduce wheat import duty from July in a bid to cool prices

Live Mint  

India is set to resume wheat imports by lowering the duty on inbound shipments while also imposing stock limits on the grain, three officials said, in a new attempt to tame prices and boost supplies. Also this | Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target “As per my understanding and discussions at …

Why are Pakistan’s wheat farmers protesting against the government?
7 months, 3 weeks ago

Why are Pakistan’s wheat farmers protesting against the government?

Al Jazeera  

Islamabad, Pakistan – Tens of thousands of farmers in Pakistan are holding protests in several cities over the government’s decision not to buy their wheat, causing them huge losses in income. The farmers in Punjab, the country’s largest province and often called the “bread basket” of Pakistan, are demanding that the government stop wheat imports that have flooded the market …

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, 3 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 …

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 …

Congress slams govt over wheat policy, says poor suffering due to PM's 'showmanship'
1 year ago

Congress slams govt over wheat policy, says poor suffering due to PM's 'showmanship'

The Hindu  

The Congress on Tuesday attacked the Centre over its policy on wheat export and import, alleging that due to Prime Minister Narendra Modi's "showmanship", the poor people have suffered. Congress General Secretary Jairam Ramesh shared a media report on X which claimed that India may allow import of Russian wheat to mitigate the rising domestic wheat prices ahead of the …

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 …

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet
1 year, 2 months ago

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet

The Hindu  

India has said that the export ban on rice is a regulation rather than a restriction and is crucial for securing the food security of 1.4 billion people, according to an official. The Geneva-based official said that in the meeting, India reiterated its commitment to ensure food security in importing countries by granting exemptions to those in need upon their …

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 …

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 …

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation

The Hindu  

Published : Sep 07, 2023 11:00 IST - 6 MINS READ Even as the Indian government celebrates the high growth rates that the increases in official GDP figures signal, it is haunted by the spectre of inflation. Wheat prices at the consumer level, which were falling relative to the previous year in the months preceding October 2021, started to rise …

Inflation fears throw up policy dilemmas
1 year, 3 months ago

Inflation fears throw up policy dilemmas

Hindustan Times  

Supply-side inflation shocks are making a habit of coming back. It started with the supply chain disturbances during Covid, got accentuated by the Ukraine war, and is now adversely affected by weather shocks destabilising food prices. Inflation control, ensuring adequate availability of foodgrains, supporting rural income growth, and maintaining fiscal stability are all laudable goals but different supply side measures …

A rice shortage is sending prices soaring across the world. And things could get worse
1 year, 4 months ago

A rice shortage is sending prices soaring across the world. And things could get worse

Associated Press  

Francis Ndege isn’t sure if his customers in Africa’s largest slum can afford to keep buying rice from him. Wholesalers are yet to receive new stocks since India, the world’s largest exporter of rice by far, said last month that it would ban some rice shipments. It’s an effort by the world’s most populous nation to control domestic prices ahead …

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 …

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 …

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 …

India’s rice export curbs could prove too myopic for its good
1 year, 4 months ago

India’s rice export curbs could prove too myopic for its good

Live Mint  

Global food markets have been thrown into some chaos yet again —not only because of Russia’s decision to pull out of the Black Sea grain deal, but also India’s announcement that it would ban the export of many varieties of rice. The partial exit of the rice market’s largest trading nation, with about a 40% share of exports, has led …

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 …

India’s rice export ban triggers panic buying in US
1 year, 5 months ago

India’s rice export ban triggers panic buying in US

The Hindu  

Published : Jul 22, 2023 14:14 IST - 2 MINS READ India’s ban on the export of non-basmati white rice has led to long lines at stores all over the US, with panic-stricken people eager to stock up on their staple. The Food and Consumer Affairs Ministry on July 20 banned the export of non-basmati white rice, with immediate effect, …

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 …

Explained | How have recent weather events affected wheat crop?
1 year, 8 months ago

Explained | How have recent weather events affected wheat crop?

The Hindu  

The story so far: The unusual rise in mercury in February this year, followed by an untimely spell of widespread rain accompanied by gusty winds and hails during the month of March in parts of the country’s key grain-producing States — Punjab, Haryana, Madhya Pradesh, Uttar Pradesh, Rajasthan, Bihar and Gujarat — have left wheat-growing farmers worried as they anticipate …

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 …

Ban on wheat exports may hit farm incomes
1 year, 10 months ago

Ban on wheat exports may hit farm incomes

Hindustan Times  

On Monday, HT reported that the ban on export of wheat and non-premium rice is likely to continue beyond March. They include elevated domestic inflation for cereals, low grain stocks with the government and uncertainty over weather outlook for the two most important cereal crops in the rabi and kharif season. The former suffered heavily because of a premature heat …

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 …

India to offer 3 million tonnes wheat to bulk consumers to cool prices
1 year, 11 months ago

India to offer 3 million tonnes wheat to bulk consumers to cool prices

Live Mint  

India will provide 3 million tonnes of wheat to bulk consumers such as flour millers, as part of efforts to bring down prices, which jumped to a record high on Wednesday, a government official told Reuters. "There's this consensus that bulk users will be allowed to buy up to 3 million tonnes of wheat from government stocks," said the official …

India set to offer wheat to flour millers, biscuit makers to tame prices
2 years ago

India set to offer wheat to flour millers, biscuit makers to tame prices

Live Mint  

India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years. As open market prices rose above the rate at which the government buys …

Price increase in wheat & rice normal; will intervene in market in case of abnormal rise: Food Secretary
2 years, 2 months ago

Price increase in wheat & rice normal; will intervene in market in case of abnormal rise: Food Secretary

The Hindu  

The government on October 17 said the price rise in wheat and rice has been "normal" and it will intervene in the market to offload the grains if there is any abnormal increase in the rates. Food Secretary Sudhanshu Pandey, in a press briefing, also said the government has surplus stocks of both wheat and rice in its godowns which …

Govt Permits Exports of Wheat Flour Under Advance Authorisation Scheme
2 years, 2 months ago

Govt Permits Exports of Wheat Flour Under Advance Authorisation Scheme

News 18  

The government has allowed exports of wheat flour under the advance authorisation scheme and by export-oriented units and firms in special economic zones. Wheat processors had earlier approached the government seeking permission for wheat import under the advance authorisation scheme, so that they can export value-added products. A notification dated August 27 was amended “to the extent that export of …

India allows exports of wheat flour processed from imported grain
2 years, 2 months ago

India allows exports of wheat flour processed from imported grain

Live Mint  

India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. Wheat exports from India, also the world's second biggest consumer of the staple, surged after Russia's invasion of Ukraine hit …

India’s rice export ban to further strain global good supplies
2 years, 3 months ago

India’s rice export ban to further strain global good supplies

Live Mint  

India banned exports of broken rice and levied a tax on other key varieties in a move that would add to global inflationary pressure and exacerbate food supply pains caused by the war in Ukraine. Global buyers are depending on India—the world’s top rice exporter—to shore up food supplies since Russia invaded Ukraine, a major wheat grower, which roiled global …

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters
2 years, 3 months ago

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters

The Hindu  

India’s rice exports could fall by 4-5 million tonnes this fiscal year due to the ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said. “The exports may fall to 16-17 MT in this financial year because of the ban on broken rice and 20% export duty,” All India Rice Exporters Association …

India could soon approve sugar exports in two tranches: Report
2 years, 3 months ago

India could soon approve sugar exports in two tranches: Report

Live Mint  

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of its farmers and consumers, government and industry officials told Reuters. New Delhi could allow exports of 7 million to 8 million tonnes in the next season, said a senior …

Govt Bans Export of Wheat Flour, Maida, Semolina
2 years, 3 months ago

Govt Bans Export of Wheat Flour, Maida, Semolina

News 18  

After banning wheat exports in May, the government on Saturday prohibited exports of wheat flour, maida, semolina and wholemeal aata with a view to curb rising prices. “The Cabinet Committee on Economic Affairs…has approved the proposal for amendment of policy of exemption for wheat or meslin flour from export restrictions/ban,” an official statement has said. Wheat flour exports from India …

Wheat flour exports to be restricted
2 years, 3 months ago

Wheat flour exports to be restricted

Deccan Chronicle  

Chennai/New Delhi: After wheat, export of wheat flour too could be banned or restricted soon. The Cabinet has given its approval to either restrict or ban wheat flour exports. The Cabinet Committee on Economic Affairs has on Thursday approved the proposal for amendment of policy of exemption for wheat or meslin flour from export restrictions or ban. India had banned …

Wheat Flour Exports: CCEA Okays Amending Policy To Put Curbs On Outbound Shipment
2 years, 4 months ago

Wheat Flour Exports: CCEA Okays Amending Policy To Put Curbs On Outbound Shipment

News 18  

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to amend the policy of exemption for wheat or meslin flour. The move will now allow putting restrictions on the export of wheat flour, which will ensure a curb on rising prices of wheat flour in the country. “The Cabinet Committee on Economic …

Govt refutes reports, says no plan to import wheat as sufficient stocks available
2 years, 4 months ago

Govt refutes reports, says no plan to import wheat as sufficient stocks available

Firstpost  

Earlier this year, multiple rounds of heat waves in several wheat-growing regions in India ahead of the rabi harvest affected some wheat crops New Delhi: India has no plan to import wheat as it has ample stocks to meet the domestic requirements, Department of Food & Public Distribution on Sunday clarified after a media report said India was likely to …

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