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.
Three-year wheat holiday in 2 Bengal districts to check wheat blast.
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.
Govt considering imposing import duty on wheat (10%).
The govt is likely to impose import duty on wheat in order to protect farmers amid projections. (Source: News Media)
No damage from rains so far for coriander; concerns remain.
No damage from rains so far for coriander; concerns remain.
NCDEX coriander hits 6 week high as arrivals decline.
NCDEX coriander hits 6 week high as arrivals decline.
Barley soften on reduced offtake in India.
Barley soften on reduced offtake in India.
NCDEX barley up over 1% taking cues from spot markets.
NCDEX barley up over 1% taking cues from spot markets.
Lower supplies lift barley prices in Jaipur.
Lower supplies lift barley prices in Jaipur.
Higher temperatures may hit wheat crop in northwest.
Higher temperatures may hit wheat crop in northwest.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise in Indore, prices above MSP.
U.S wheat fall to multi-week low.
U.S wheat fall to multi-week low.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan offers to buy 117,689 tonnes food wheat via tender.
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
No damage from rains so far for coriander; concerns remain.
Unseasonal rains in Rajasthan over the last three days have not caused much damage to the coriander crop so far but likely spells of heavy rainfall in the key growing areas pose a threat. 30-40% of the mature coriander crop still standing and forecast of rainfall this month has kept growers and traders on edge about likely damage to the harvest. Coriander crop in some areas of Jodhpur and Barmer districts in the state may see some quality erosion in the form of discoloured grains though the production volume may remain unchanged. Rainfall in Rajasthan is likely to bring colour variations in the standing crop of Badami and Eagle varieties of coriander.
NCDEX coriander hits 6 week high as arrivals decline.
Futures contracts of coriander on the NCDEX hits 6 week high because of low arrivals at the benchmark market in Rajasthan. The most active April contract on the NCDEX traded up 0.33%. Arrivals in Rajasthan were pegged at 32,000 bags (1bag=40kg) down 18,000 bags. Likely decline in coriander output in 2016-17 (Oct-Sep) is also seen contributing to the rise in prices.
Barley soften on reduced offtake in India.
Prices of barley drifted lower at the wholesale grains market due to reduced offtake against high stocks position. Muted demand from consuming industries helped barley prices to end lower.
NCDEX barley up over 1% taking cues from spot markets.
Futures contracts of barley on the NCDEX were up over 1% tracking the spot market in Jaipur. The most active April contract on the NCDEX was up 1.73%. Prices in Jaipur rise due to lower supplies in the market as well as higher demand from stockists and the feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg), compared with 10,000 bags.
Lower supplies lift barley prices in Jaipur.
Barley prices rise in Jaipur due to lower supplies in the market coupled with higher demand from stockists and feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg) compared with 10,000. Barley arrivals fell in Rajasthan due to rains. Expectations of a rise in demand from malt industries due to onset of summer season also supported prices.
Higher temperatures may hit wheat crop in northwest.
The India Meteorological Department has forecast a 2-4 degree Celsius rise in maximum temperatures in north western and central India over the next three days. Higher temperatures in north western India could increase the susceptibility of the late sown wheat crop to wheat rust, fungal disease. Higher temperatures could be beneficial for the wheat grown in Madhya Pradesh as it would take the moisture out of the crop ready for harvest.