Agriculture Current Affair 11 May 2022

Farmers sell wheat to private players on global demand, lesser yield

With the rise in global demands of wheat, farmers across states are making a beeline to sell the produce to private players, instead of government procurement agencies, to earn a better remuneration. This has seen significant decline in government procurement in the current rabi season, which could lead to shortage of the essential commodity in future. Government’s support price for wheat is ₹2,015 per quintal, while private players have been offering a price above MSP to meet export demand. Lower yield this season also has contributed to the high demand.

The RSS-affiliated Bharatiya Kisan Sangh has demanded that the government provide ₹500 bonus to states over MSP and increase government procurement. “Our total wheat consumption is 78 crore tonnes, vis-a-vis total production of 79 crore tonnes. We are on the borderline of demand and a 15% decline in wheat production is expected this year,” BKS national organisation secretary Dinesh Kulkarni told ET. “In the absence of adequate government wheat procurement, we can face food scarcity in coming months,” he warned. BKS had written a letter to the agriculture minister on April 28 to flag the issue.

Sugar output up 14%; may touch record of 35.5 million tonnes in 2021-22: NFCSF

Sugar production in India has increased by 14 per cent to 34.2 million tonnes (MT) so far in the ongoing 2021-22 marketing year, and is expected to touch a record of 35.5 MT, cooperative body NFCSF said on Thursday. The country’s sugar output stood at 31.1 MT in 2020-21, 25.9 MT in 2019-20, 32.2 MT in 2018-19 and 31.2 MT in 2017-18 marketing year, it said.

Sugar marketing year runs from October to September.

Releasing the data, National Federation of Cooperative Sugar Factories (NFCSF) said, “India for the first time has witnessed record production of net sugar in excess of 34.2 million tonnes till April 2022.”

Indian wheat prices increase by 2-3% after govt says exports will continue

Wheat prices, which had decreased following rumours about India likely to curb wheat exports to tame domestic inflation, have rebounded again by 2-3% after the food secretary Sudhanshu Pandey clarified on Wednesday that the government has no plans to stop wheat exports.

Traders expect that the domestic wheat prices will continue to strengthen till wheat is being shipped out of the country.

Briefing the media about India’s stand on wheat exports in the capital on Wednesday, Pandey had said that the government is facilitating wheat exports in every possible way.

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