Wheat prices may touch a fresh high in few days
The wheat processing industry — which manufactures aata (wheat flour) — fears the price of the staple is about to create a fresh high in a few days. The wholesale prices of wheat have been hovering near the psychologically sensitive level of Rs 30 per kilogram at major consuming centres of the country, said traders and processors. In most parts of the country, wheat prices are trading in the range of Rs 27/kg to Rs 29.50/kg, which is 30-40% above the minimum support price (MSP) of Rs 20.15/kg.
“The current wheat prices are the highest ever recorded. During the past four months, prices have gradually increased from `23/kg to Rs 29/kg,” said Rajesh Jain Paharia, a Delhi-based exporter of wheat.
After having initially encouraged exports at the beginning of 2022-23 wheat season, India had to ban the outbound shipments as a severe heat wave reduced the country’s production.
Take India’s millets story global: Piyush Goyal
Commerce and industry minister Piyush Goyal on Monday asked industry to take India’s millets story global, approach newer markets, make them organic and sustainable, reduce the packaging size and see if they can be GI tagged.
“India produces 20% of the global production at 16 million tonnes which is barely 5% of India’s production,” Goyal said at the pre launch of the International Year of Millets.
The United Nations has designated 2023 as the ‘International Year of Millets’.
Wheat output likely to rise by 5 MT this year: Gyanendra Singh
Farmers in India are likely to sow wheat across 31.5 million hectares, which will be 1.5 million hectares more than last year, said Gyanendra Singh, director of ICAR-IIWBR, which is the apex body for wheat cultivation in the country.
India is likely to produce 112 million tonnes of wheat during the harvest period, which will be 5 million tonnes more than last year, he added. “This year, farmers have used new seeds, which have better tolerance to heat and are high yielding in nature,” Singh said, adding the new varieties are DBW 187, DBW 303, DBW 222, DBW 327 and DBW 332.
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