Agriculture News, Farming News, Research, Horticulture
A quantity of 2 LMT of wheat from 500 depots and 4.89 LMT rice from 337 depots were offered from across the country in the 11th e-auction of 2023-24 was held on September 6, 2023
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Wheat prices in Delhi would rally further towards Rs.2,700 to Rs.2,800 per quintal by the next quarter, prices may rally above Rs.3,000 per quintal if the El Niño condition worsens by the next rabi sowing season, Indrajit Paul, an agri commodities expert writes…
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According to the government, about 21.27 lakh farmers have participated in the ongoing wheat procurement operations with a minimum support price outflow of about Rs.47,000 crores
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FCI and state procurement agencies have so far procured wheat from about 2 million farmers with payment of more than Rs. 47,000 crores at MSP, directly credited to their bank accounts
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In view of better than expected wheat production, estimates and government’s assurance to support farmers, FCI is well-poised to procure 342 lakh metric tonnes of wheat in this year
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Open sale of wheat through e-auction shall take place every Wednesday till 15th March 2023 in an effort to augment wheat availability and safeguard the interests of consumers
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The downward correction in wheat prices would be limited even during the peak arrival season as lower crop size and tighter central pool stocks would keep the prices on a bullish tone, Indrajit Paul writes…
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To address the rising price of wheat and Atta in the country, FCI is releasing 30 lakh metric tonnes of wheat stock from the Central pool stock to the market through various routes
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In the e-auction, more than 1150 bidders participated in the first week. Further, the sale of wheat through e-auction will continue throughout the country every Wednesday till 2nd week of March 2023
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To address the rising price of wheat and wheat flour in the country, it was decided that FCI would make available 30 LMT wheat in the market through various routes under the Open Market Sale Scheme (Domestic)
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