Govt imposes stockholding limits on wheat till March 2024 to contain rising prices; first time in 15 years
1 year, 6 months ago

Govt imposes stockholding limits on wheat till March 2024 to contain rising prices; first time in 15 years

India TV News  

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 phase under the Open Market Sale Scheme. Though wholesale and retail prices have not gone up that much, the government has imposed stock limit on wheat." Stock limit has been imposed on traders The stock limit has been imposed on traders, wholesalers, retailers, big chain retailers and processors till March 31, 2024.

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History of this topic

Anticipating price rise, Centre imposes fresh caps on wheat inventories
1 week, 6 days ago

Anticipating price rise, Centre imposes fresh caps on wheat inventories

Hindustan Times  

NEW DELHI: The Centre on Wednesday further reduced the limit of wheat stocks that traders and millers can store at any given point, a step authorities said was necessary to tamp down prices. A worker sifts wheat before filling in sacks at the market yard of the Agriculture Product Marketing Committee on the outskirts of Ahmedabad Restricting the amount 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 …

Centre imposes stockholding limits on wheat
6 months ago

Centre imposes stockholding limits on wheat

New Indian Express  

NEW DELHI: The Centre on Monday imposed a stock limit on wheat to reduce hoarding of the grain and stablise its prices. “The government is open to all options if the stock limit would not cool down the price such as by reducing import duty and would soon think to dump wheat in the open market through open market sales …

‘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 …

Govt targets wheat hoarders, halves stock limits again
10 months, 2 weeks ago

Govt targets wheat hoarders, halves stock limits again

Live Mint  

The Union government has imposed another round of curbs on stocking of wheat, drastically lowering the limit for the second time since December as it seeks to prevent hoarding and speculation that could spike prices. “Officials of Central and state governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created …

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 …

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 …

Government imposes stock limits on wheat to prevent hoarding
1 year, 6 months ago

Government imposes stock limits on wheat to prevent hoarding

The Hindu  

In order to manage overall food security and to prevent hoarding and unscrupulous speculation, the government has decided to impose stock limits on wheat for traders, wholesalers, retailers, big chain retailers and processors. "Respective legal entities, as above, have to declare the stocks position and update them regularly on the portal of the Department of Food and Public Distribution and …

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 …

Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023
1 year, 11 months ago

Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023

India TV News  

Rising retail prices: In an attempt to contain rising retail prices under the Open Market Sale Scheme, the Union government is planning to release 15-20 lakh tonnes of wheat from the Food Corporation of India stock for bulk consumers like flour millers in 2023. Under the OMSS policy, the government permits the state-run FCI to occasionally sell foodgrains, particularly wheat …

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 …

India has no shortage of foodgrain, assures Agricultural minister
2 years, 4 months ago

India has no shortage of foodgrain, assures Agricultural minister

Live Mint  

Foodgrain supplies in the nation are adequate to satisfy demand, according to Agricultural Minister Narendra Singh Tomar's written response to Parliament on August 2. “As on 01.07.2022, the actual stock of wheat is 285.10 lakh metric tonnes against the buffer norm of 275.80 lakh metric tonnes,” the minister told the Lok Sabha. To prevent a shortage of wheat for domestic …

Wheat stocks may be 80% higher than buffer requirement by April 23: Piyush Goyal
2 years, 5 months ago

Wheat stocks may be 80% higher than buffer requirement by April 23: Piyush Goyal

Live Mint  

The wheat stocks in Food Corporation of India godowns is expected to be 134 lakh tonnes at the start of FY23-24, 80 per cent more than the buffer norm, said the government on 22 July. Food and Consumer Affairs Minister Piyush Goyal, in a written reply to Rajya Sabha, said that the central pool stock of wheat as on July …

After wheat and sugar, curb on rice exports next?
2 years, 6 months ago

After wheat and sugar, curb on rice exports next?

Firstpost  

Some have warned that a curb on rice exports could further upset the global community that is already irked over the wheat and sugar export ban After the Indian government curbed exports of wheat and sugar, now rice could be next to ensure enough domestic supply and stave off a price hike. Some have warned that a curb on rice …

Govt allows exporting wheat consignments registered with customs before ban order
2 years, 7 months ago

Govt allows exporting wheat consignments registered with customs before ban order

India TV News  

Highlights On May 13 this year, the DGFT had notified the ban on export of wheat The govt had earlier restricted wheat exports to manage the overall food security situation in India Now the govt has allowed wheat consignments registered with the customs authority Relaxing norms, the government on Tuesday said it has decided to allow shipments of wheat consignments …

Govt's wheat purchases set to halve; no plans to curb exports: Food secretary
2 years, 7 months ago

Govt's wheat purchases set to halve; no plans to curb exports: Food secretary

The Hindu  

The Centre's wheat procurement is set to decline by more than half to 19.5 million tonnes in the the current rabi marketing year amid higher exports and likely fall in output, food secretary Sudhanshu Pandey said on Wednesday, and asserted there won't be any concern for meeting the domestic demand under the Public Distribution System. Mr. Pandey said that the …

Experts caution as govt intervenes in food markets
3 years, 5 months ago

Experts caution as govt intervenes in food markets

Hindustan Times  

The Union government has virtually rolled back its policy of not intervening in food markets except under “extraordinary circumstances” as it invoked the Essential Commodities Act 1955 on July 2 to cool prices of lentils. The government passed the Essential Commodities Act 2020 to minimize regulatory interventions in trading of food items, such as pulses, potato, onion and edible oil. …

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