Delhi wheat prices up on high demand for fresh crop.
Ram Gopal Yadav (7 years ago)

Wholesale prices of wheat in the key market of Delhi rise due to good demand for the new crop. Prices are likely to fall in the next 10 days, once arrivals start from all growing regions across the country. In Madhya Pradesh, prices were unchanged.

NCDEX wheat ends up as traders fear import duty recovery.
Ram Gopal Yadav (7 years ago)

Wheat futures contracts ended higher on the NCDEX as traders anticipate prices to rise if the govt recovers import duty on the food grain. The most active April wheat contract on the NCDEX up 0.6% from previous close. Govt has started buying wheat from farmers in Madhya Pradesh, Rajasthan and Gujarat at a MSP. In Madhya Pradesh benchmark Indore market, wheat prices fell due to a rise in supplies. About 25,000 bags (1bag=100kg) of wheat arrived in the market up from 20,000 bags.

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 The import of wheat was subject to 10% custom duty which was later withdrawn by the govt.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.

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.

Higher temperatures may hit wheat crop in northwest.
Ram Gopal Yadav (7 years ago)

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.