India is not considering imposing any restrictions on exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. “There is no proposal as of now to […]
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down […]
Chairman and Managing Director of Food Corporation of India Ashok KK Meena said that the central government has directed the agency to conduct the e-auctions of wheat and rice to check the “inflationary trends” and to control the price of such staple foodgrains. The maximum quantity that a buyer can bid for is limited to […]
Over 830 lakh tonne paddy has been procured from farmers at Minimum Support Price (MSP) benefitting about 1.22 crore during the ongoing paddy procurement operations of marketing season 2022-23. Payments worth Rs 171,000 crore have so far been transferred directly into their accounts, an official release from the food ministry said Wednesday. Food Corporation of […]
Food Corporation of India (FCI) has sold 18.05 lakh tonne of wheat in open market after the government decided to augment the supply of foodgrain in the markets to contain the rising wheat and wheat flour prices. Of the sold wheat at three auctions that were held so far, about 11 lakh tonne of wheat […]
Food Corporation of India offered 22.0 lakh tonne of wheat out of 25 lakh tonne earmarked in the first e-auction through the open market sale that took place during Wednesday-Thursday. Of which, a quantity of 9.2 lakh tonne was sold across the country, according to a government release on Friday. In the e-auction, more than […]
