Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
FCI to undertake open market sale for 2-3 MT wheat.
Jan 20, 2023
The Food Corporation of India (FCI) is likely to start open market sale of wheat this month to curb abnormally high prices of the cereal.
'The FCI will likely undertake open market sale of 2-3 million tonnes (MT) of wheat to bulk buyers such as flour millers by the end of January,' said a senior official, who did not wish to be identified.
Wheat prices in the Delhi market touched a record Rs 3,070 per quintal this week, said traders.
Till last year, the Centre used to sell excess wheat held by government agencies in the open market through tendering. It used to maintain continuous availability of the wheat in the market and also regulate prices during the lean season.
This year, however, the government’s wheat procurement fell to 18.79 million tonnes in the 2022-23 marketing year from 43.44 million tonnes due to a fall in domestic output and aggressive purchase by private parties. After having initially encouraged exports at the beginning of the 2022-23 wheat season, India had to ban the outbound shipments as a severe heat wave reduced the country’s production.
After clubbing the free ration scheme under the Pradhan Mantri Garib Kalyan Anna Yojana with the National Food Security Act, it will be left with wheat which can be allocated for the open market sale scheme.
The current stock of wheat with the FCI stands at 17.170 MT, down from 33.012 MT a year ago.
In the current season, area under wheat has increased to 33.7 million hectares from 33.2 million hectares last year, as per the data released by the agriculture ministry last week.
Wheat is a key rabi or winter crop and is mostly grown in Punjab, Haryana, Rajasthan, Uttar Pradesh and Rajasthan.
This year, farmers have used new seeds – such as such as DBW 187, DBW 303, DBW 222, DBW 327 and DBW 332 – which have better tolerance to heat and are high yielding.
economictimes.indiatimes.com
Archive