/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fmildsteel.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fnonferrous.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fpolymers_packaging.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fchemicals.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fenergy_petroleum.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fstainlesssteel.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fpipes.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_1.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_2.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_3.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_04.png)
Login Now to Get Free Access to 4,00,000 + Prices
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Fwaicon.png){kind=small}
WhatsappIndia Controls Wheat Prices With Stock Limits And Export Ban
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F02%2FIndia-Controls-Wheat-Prices-With-Stock-Limits-And-Export-Ban.jpg)
The Indian government is taking measures to prevent a rise in retail wheat and flour prices. This includes limiting the amount of wheat that can be held and releasing more grain from Food Corporation of India (FCI) stocks. The government will also maintain restrictions on wheat exports and increase purchase operations to ensure a comfortable grain level through the summer.
Why Such Measures?
The goal is to lower wheat prices before the start of Minimum Support Price (MSP) purchases by FCI and state agencies. Wheat mandi prices have already decreased as a result of the first e-auction, with a second e-auction planned for 15 February 2023. The FCI wheat stocks currently exceed the buffer standard, and retail prices are expected to fall once the grain purchased through the e-auction enters the market.
Insight
Despite weather fluctuations, the wheat crop is positive so far with higher sowing this season. The Agricultural Ministry will announce the first estimate of wheat production later this month. The FCI procurement decreased in the 2022-2023 marketing season due to lower production and increased global demand.
Suggested Readings
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fsoybean.png)
Soybean Weekly Report: Limited Demand And Delayed Sowing Impact Prices
Last week, soybean prices witnessed a decline due to low demand and delayed sowing, impacting both domestic and international markets. Let’s explore an overview of the key factors affecting soybean prices and insights into the market outlook. Market Affecting Factors 1. Decreased Soybean Prices: On 19 June 2023, soybean opened at Rs.5410 Solapur,
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fsugar.png)
Sugar: Prices Surge Globally While India Faces Monsoon Delay
Sugar prices have been on the rise worldwide, reaching multi-week highs recently. While the global sugar market experiences tight supplies and witnesses an 11-year high in April 2023 India has managed to maintain relatively stable domestic sugar prices, offering some relief to consumers. India, the world’s second-largest sugar producer, is now facing the challenge of
/https%3A%2F%2Fblog.ofbusiness.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fcumin-2-3.png)
Spice Market Sizzles: Exploring Surging Cumin Prices And Market Trends
Cumin prices have witnessed a significant surge, rising by 5.02% to reach 51,790 per quintal. This increase is primarily driven by robust export demand and concerns over lower stocks at the end of the current marketing year. This season, the market expects a decline in yield and quality, which has led to increased demand from
Tell Us Your RequirementsBest Rates | Working Capital | Delivery Anywhere
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Fcookie.png){kind=small}