Wheat Stock News Today

CEAT board has recommended a final dividend of Rs 30 for FY24, subject to the approval of the members at the upcoming AGM.

Wheat, wheat products prices to soar amid Ukraine crisis: Good for India, not for Indians : Rashtra News #Wheat #wheat #products #prices #soar #Ukraine #crisis #Good #India #Indians The Russia-Ukraine war has given an impetus to India to take the opportunity and export wheat to other countries, but this is to come with its own

The order states that the Wheat Stock Limit is expiring on March 31 for all categories of entities in states and UTs.

The Indian government has indefinitely extended the requirement for the wheat industry to declare their stock positions, which was initially set to expire on March 31. Traders, wholesalers, retailers, and processors are mandated to declare their stocks on a portal every Friday starting from April 1 until further notice.

The Indian government has directed wholesalers, retailers, and processors to declare their wheat stock position as the stock limit on wheat expires on Sunday. This move aims to prevent hoarding and speculation, keeping prices stable. Traders are required to declare their stocks on a portal every Friday starting from April 1.

The world's second-biggest wheat consumer after China has been trying to contain wheat prices after heat waves curtailed production for two straight years, forcing the government to sell record volumes to boost domestic supplies.

Private wheat industry and trade are eyeing Uttar Pradesh, currently the source of the cheapest wheat in India, as the central governments wheat stock is expected to fall below the buffer norm on April 1 for the first time in over a decade. However, they may have to wait before refilling their silos until the government meets its procurement targets. The government has signaled to the industry not to hoard wheat during the arrival season to allow for procurement. While the new crop will start ar...

The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year.

Till now, the wheat stock limit for processors was 70 per cent of monthly installed capacity multiplied by remaining months of 2023-24.

In a bid to ensure ample availability of wheat and stabilize prices, the Indian government has announced a reduction in the stock limit that traders and wholesalers can hold. According to a statement released on Thursday, the previous limit of 1,000 metric tons has now been lowered to 500 metric tons.