Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
Ram Gopal Yadav (7 years ago)

Bharatiya Kisan Union has urged the Union govt to impose at least 25% custom duty on the import of wheat to safeguard the interests of Punjab farmers. The import of wheat was subject to 10% custom duty which was later withdrawn by the govt. Wheat crop in Punjab was about to arrive in mandis in the next few days and the price of imported wheat needs to be made uneconomical so that the entire wheat crop in Punjab could be procured by the govt agencies at MSP.

Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Ram Gopal Yadav (7 years ago)

Rice prices firmed in Thailand on a stronger baht while prices dipped in Vietnam and India. Thailand sold 3.6 million tonnes of rice abroad between the start of the year and March21 which is up 2.7% from the same period last year. In India, 5% broken parboiled rice fell due to amid less demand. In Vietnam, 5% broken rice fell as supply increased during the main harvest season. Global demand is not so strong as Thailand is still selling their inventor. Vietnam rice shipments fell 26.5% last year to 4.8 million tonnes, while exports of the grain in the first two months of 2017 decreased 23.5% year on year to 738,000 tonnes.

Rain and hail flatten ripe crops in Rajasthan.
Ram Gopal Yadav (7 years ago)

Heavy rain and hailstones damaged Rabi crops of wheat, barley, cumin, mustard, gram and potato as well as vegetable farms in the countryside that feed Delhi and all major urban centres in western and northern states.

Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Ram Gopal Yadav (7 years ago)

Centre has declared a three-year wheat holiday in Nadia and Murshidabad districts of West Bengal that reported outbreak of wheat blast this year to reduce the spread of the disease. Farmers asked to state govt to prepare a list of crops that can be planted instead of wheat for atleast three years. Govt has burnt the affected crop over 580 ha in Murshidabad and over 505 ha in Nadia so far. To ensure that the air borne disease is contained, Central govt has asked the West Bengal govt to buy the entire wheat that is harvested in the affected districts and get it custom milled into flour.

Flour millers seek tax exemption on wheat products under Goods and Services Tax regime.
Ram Gopal Yadav (7 years ago)

The Roller Flour Mills Federation of India has asked the govt to exempt wheat products from tax under the goods and services tax regime. Processing of wheat into flour and other products is an inevitable part of its consumption, and taxation of processed wheat based food products will put a burden on the basic staple of most people of the country. Govt has already exempted food grains such as wheat and rice from taxes under the GST regime. India produces an average of 90 MT wheat every year and consumption is pegged at 81-82 MT and of this flour millers process 20-30 MT. Roller Flour Mills Federation represents about 1,800 flour mills across the country which process wheat and produce products like maida, sooji, dalia etc.

NCDEX wheat up on expectations of import duty recovery.
Ram Gopal Yadav (7 years ago)

Futures contracts of wheat rise 1% on the NCDEX as traders expect the govt to soon impose import duty on wheat. Agriculture ministry is planning to impose import duty on wheat and the proposal is in final stage. Around 20,000 bags (1bag=100kg) of the grain arrived in Indore down from 5,000 bags.

Barley prices up in Jaipur on rise in demand.
Ram Gopal Yadav (7 years ago)

Prices of barley were up in Jaipur because of rise in demand from the malt industry, stockists and feed sector. Prices also rise due to lower supply. Arrivals of the new crop were pegged at 4,000 bags (1bag=85kg) compared with 6,000 bags. On the NCDEX, the most-active April contract of barley traded up 1%.