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Faced with bumper production of wheat in an election year, the Government on 27 April 2019 raised the import duty on wheat to 40 % from an already high 30% to discourage millers from buying wheat from abroad. (Photo | PTI)
Faced with bumper production of wheat in an election year, the Government on 27 April 2019 raised the import duty on wheat to 40 % from an already high 30% to discourage millers from buying wheat from abroad. (Photo | PTI)
Faced with bumper production of wheat in an election year, the Government on 27 April 2019 raised the import duty on wheat to 40 % from an already high 30% to discourage millers from buying wheat from abroad. (Photo | PTI)
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The Central government also accepted Punjab Chief Minister Amarinder Singh's request for relaxation in wheat specifications for procurement in the current season on account of loss in lustre caused by unseasonal rains. (Photo | PTI)
The Central government also accepted Punjab Chief Minister Amarinder Singh's request for relaxation in wheat specifications for procurement in the current season on account of loss in lustre caused by unseasonal rains. (Photo | PTI)
The Central government will now procure wheat in Punjab with relaxation on provisional basis in the uniform specifications of the crop during the Rabi marketing season 2019-20. (Photo | PTI)
The Central government will now procure wheat in Punjab with relaxation on provisional basis in the uniform specifications of the crop during the Rabi marketing season 2019-20. (Photo | PTI)
The agrarian state of Punjab contributes nearly 50 per cent food grains (wheat and paddy) to the national kitty despite having just 1.54 per cent of the country's geographical area. (Photo | PTI)
The agrarian state of Punjab contributes nearly 50 per cent food grains (wheat and paddy) to the national kitty despite having just 1.54 per cent of the country's geographical area. (Photo | PTI)
India’s wheat production is estimated at a record 99.12 million tonnes in 2018-19 crop year which runs from July to June, about 2 per cent higher than last year’s.
India’s wheat production is estimated at a record 99.12 million tonnes in 2018-19 crop year which runs from July to June, about 2 per cent higher than last year’s.
Higher wheat duty is expected to force milers who import a trickle of wheat to buy locally and help protect farm prices. Food Corporation of India is likely to offload stocks before buying more wheat and the duty hike will help them get a better price from Indian millers. (Photo | PTI)
Higher wheat duty is expected to force milers who import a trickle of wheat to buy locally and help protect farm prices. Food Corporation of India is likely to offload stocks before buying more wheat and the duty hike will help them get a better price from Indian millers. (Photo | PTI)
The Government’s wheat stocks held by the Food Corporation of India stood at 16.99 million tonnes as of April 1. It is expected to buy another 35-40 million tonnes of wheat this year, after which stock with could touch 57 million tonnes by the end of May. (Photo | PTI)
The Government’s wheat stocks held by the Food Corporation of India stood at 16.99 million tonnes as of April 1. It is expected to buy another 35-40 million tonnes of wheat this year, after which stock with could touch 57 million tonnes by the end of May. (Photo | PTI)
The Government had in a bid to improve farm incomes raised the minimum support price of wheat or the rate at which its arm – the Food Corporation of India - buys from farmers by 6 per cent to Rs 1,840 rupees per 100 kg for 2019. This acts as a benchmark for the open market in wheat. (Photo | PTI)
The Government had in a bid to improve farm incomes raised the minimum support price of wheat or the rate at which its arm – the Food Corporation of India - buys from farmers by 6 per cent to Rs 1,840 rupees per 100 kg for 2019. This acts as a benchmark for the open market in wheat. (Photo | PTI)
Last year too the Government had increased import duty on wheat from 20 per cent to 30 per cent after a similar bumper crop. India by right can raise duties on wheat up to 80 % under a bound rate agreement it has made at the WTO. (Photo | PTI)
Last year too the Government had increased import duty on wheat from 20 per cent to 30 per cent after a similar bumper crop. India by right can raise duties on wheat up to 80 % under a bound rate agreement it has made at the WTO. (Photo | PTI)
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