Agriculture Current Affair 13 May 2022

Average retail price of wheat flour surges 13 pc Rs 32.91 per kg in one year

The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta was Rs 29.14 per kg on May 8, 2021.

The data from the consumer affairs ministry showed that the maximum price of atta was Rs 59 per kg, minimum price was Rs 22 per kg and modal price Rs 28 per kg on Monday.

On May 8, 2021, the maximum price was Rs 52 per kg, minimum price was Rs 21 per kg and modal price was Rs 24 per kg.

MK Agrotech ties up with WeCare to boost edible oil production

Karnataka-based MK Agrotech, the owner of Sunpure edible oil, has tied up with the nonprofit WeCare Society to support farmers with seeds of crops including groundnut and sunflower and buy their crop later to deal with the crisis of edible oil arising out of the Russia-Ukraine war.

The campaign comes in the backdrop of expected shortages in the supply of edible oil. Given the current scenario, the prices of edible oils have shot up by 50% within the first few days after the conflict began in the West, MK Agrotech said in a media statement.

In fact, India is the second largest producer of groundnuts in the world, but our productivity is only about a third or fourth that of China and the USA. Before South India was introduced to Palm or Sunflower, Groundnut oil was consumed the most in the region, the statement added.

Flour industry executives to meet food secretary

The flour industry of the country is in panic mode and will be meeting the food secretary this week.

If the government doesn’t intervene regarding the fast pace of exports, they say, flour prices will increase further by 10% in the 2-3 months. Heavy buying by private traders, rapid exports and holding by farmers has made wheat availability scarce.

Millers are not able to decide about stocking more to hedge against future price rise because the government can impose stock limits in the future to control prices as it did for cooking oils and pulses.

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