India wheat prices jump to record high, limit scope for govt-to-govt deals
Indian wheat prices jumped to a record high, despite a ban on exports, amid strong demand and dwindling supply from a crop damaged by heatwave.
The price rally has reduced chances of India supplying substantial amounts of wheat under government-to-government deals with countries struggling to secure shipments amid the disruption of the war in Ukraine.
“Most of the farmers have sold their crop. Negligible supplies are coming up for sale even though demand is robust,” said Gopaldas Agarwal, a trader based at Indore in central India.
Local wheat prices jumped to a record 23,547 rupees per tonne on Wednesday. That was up nearly 12% from recent lows that followed the government’s surprise ban on exports on May 14.
Govt launches 11th agricultural census 2021-22; to use smartphones, tablets for data collection
Agriculture Minister Narendra Singh Tomar on Thursday launched the eleventh agricultural census to collect data on various parameters, including operational holdings. For the first time, the data will be collected through smartphones and tablets.
The fieldwork of the Eleventh Agricultural Census (2021-22) will start in August 2022, the agriculture ministry said in a statement.
“Agriculture Census is conducted every 5 years, which is being undertaken now after a delay due to corona pandemic,” it added.
Surplus govt land identified for building wheat silos on PPP model at 33 locations in 4 states: Food Min
The Food Ministry on Thursday said surplus government land has been identified for building wheat silos in public-private partnership mode at 33 locations in Punjab, Madhya Pradesh, Uttar Pradesh and Gujarat. Construction of modern storage facilities like wheat silos is to be built on public-private partnership mode under a new ‘hub and spoke’ model. The ministry aims to create a 111.12 lakh tonne capacity of silos at 249 locations across the country.
The proposed silos will operate under DBFOT (Design, Build, Fund, Own and Transfer) at FCI’s land and DBFOO (Design, Build, Fund, Own and Operate) on the land of concessionaire/other agency modes, through implementing agency Food Corporation of India (FCI).
In the first phase, tenders were issued during April-June this year for the construction of silos of 10.12 lakh tonne capacity at 11 locations on DBFOT mode, and also for 66 locations with a capacity of 24.75 lakh tonne on DBFOO mode.
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