Wheat prices may come down by Rs 5-6/kg | The Navhind Times navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
The Centre on Wednesday announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta).
New Delhi, May 14:Flour millers’ association RFMFI on Saturday welcomed the government’s decision to ban wheat exports, saying this will prevent “unnecessary panic” in the market regarding domestic supply and also help in controlling any price rise. Roller Flour Millers Federation of India (RFMFI) President Anjani Aggarwal said the association had written to the government to regulate exports. “It is a very good decision by the Government at this stage, as this will prevent unnecessary panic in the country about […]
India 2021-22 wheat exports seen falling 10% on year amid COVID-19 shutdowns: sources
After exporting a record quantity of wheat in 2020-21, India’s overseas sales of the food grain during the current marketing year are seen declining 10% over the year as localized lockdowns are propping up export prices, sources told S&P Global Platts.
India, the second-largest wheat producer, made a comeback as an exporter after several years as global prices climbed with inventories hitting a two-year low in 2020-21.
In the 2020-21 marketing season, India exported 2.1 million mt of wheat against 219,690 mt in the previous year, according to Agricultural and Processed Food Products Export Development Authority. India’s wheat marketing year runs from April through March.