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
As we have ample stocks, no need for wheat imports now: DGFT
Jun 08, 2023
At 26.2 million tonnes currently, wheat procurement has surpassed last year’s total procurement of 18.8 million tonnes
As wheat procurement for the current season draws to a close, the Government is optimistic that there is enough stock available with farmers and traders to meet domestic demand and there will unlikely be a need for imports.
'As of date, the need for import has not been felt. Production has been good. Since there is a prohibition in force, that means there is adequate stock with farmers and traders. The FCI (Food Corporation of India) also has adequate stocks,' Santosh Sarangi, Director General of Foreign Trade (DGFT), told businessline.
Wheat procurement in the current rabi season was at 26.2 million tonnes (mt) as of June 6, which has already surpassed last year’s total procurement of 18.8 mt. The wheat stock with the Food Corporation of India (FCI) has improved to 31.2 mt as of May 30 from 29.03 mt as of May 1, whereas the annual requirement of the government for public distribution and other welfare schemes is 18.4 mt.
Despite untimely rains, major contributing factors to healthy procurement this year have been the grant of relaxation by the government in quality specifications of wheat affected by rains, opening of procurement centres at village and panchayat level, carrying out procurement through co-operative societies, gram panchayats, and arhatias, and permission to engage FPOs for procurement operations, the Food Ministry said last week in a statement.
However, looking at the mandi prices prevailing in Uttar Pradesh and Bihar during the current procurement season, where normally farmers used to sell below minimum support price (MSP), many traders are sceptical about the government’s estimate of record production of nearly 112 mt. The Roller Flour Millers Association of India, which hired a private agency, has pegged the production close to 103 mt.
Some traders may be spreading rumours about a possible shortage of wheat and the need to import as they want a rate increase for the wheat stock they have aggregated, another official tracking the matter said.
'It is difficult to believe that any stockist will buy at a higher price. Had the production been at record, prices could not have gone above MSP when exports are banned, and there is no possibility of opening the window this year,' said a trader. With current duty of 40 per cent at $290/tonne free-on-board, wheat is unlikely to be imported even in southern ports, the trader said. Any decision on import has to be at zero duty, and it may help cool the sentiments, he added.
The all-India average retail price of wheat has softened from a peak of ?33.21/kg in February to ?31.27/kg in May, but it is still higher by 6.5 per cent from a year ago (May 2022). Atta (wheat flour) prices were higher by 10.5 per cent at ?36.42/kg last month from a year ago, though down from a record ?37.8/kg in February this year, consumer affairs ministry data show.
thehindubusinessline.com
Archive