Import duty unlikely to affect wheat procurement in Punjab, Haryana"Over the years the trading activity in wheat has eliminated in the two states due to higher taxes and well established infrastructure of g...
Wheat prices shoot up in Punjab, Haryana spot marketTraders further said there was no availability of wheat in the grain markets which had pushed up the prices of the crop.
- Govt to sell wheat cheap in a bid to empty its silos
Not impressed, millers say lower prices will not lure buyers as there is no demand right now.
- Government plans to release 60 lakh tonne wheat this fiscal
The government's godowns are overflowing with grains due to a record carryforward stock of 20 mt and further procurement of 38 mt.
- Flour mills face wheat shortage; prices of products up 30-35%
Despite record procurement of wheat from Punjab and Haryana this year, flour mills in both the states are facing severe shortage of the crop
- Rs 1900 crore windfall for flour millers from government wheat sale
Flour millers said they would pass on the gains to consumers who can hope to get products like flour, maida, and sooji at reduced rates.
- Government mulls selling wheat in open market
The government,grappling with storage space, may sell more wheat in open market to vacate godowns for accommodating the fresh harvest.
- Wheat exports sluggish as global prices are low
Flour millers said that wheat shipments are not picking up due to unfavourable price situation in the global markets.
- Traders not expecting significant premium for wheat this winter
Sowing in over 90% of the area under wheat is over across the country but late sowing is continuing in Madhya Pradesh, Uttar Pradesh and Bi...
Traders flock to UP as wheat prices crash on glut, lack of state supportFlour mill owners are flocking to UP to cash in on lower wheat prices.