NEW DELHI: The present wheat crop is in good situation and procurement is anticipated to be regular in the vary of 300-400 lakh tonnes in the 2023-24 advertising yr beginning March, FCI chairman and managing director Ashok Ok Meena mentioned on Thursday, including that the affect of the open market sale of 13 lakh tonnes of the foodgrain has cooled down mandi costs and retail costs will begin falling in every week.
Meanwhile, shopper affairs ministry knowledge present that the retail value of atta in Delhi on Thursday was Rs 32 per kg, down by Rs 3 from January 24. At most centres, the value of atta has moderated, together with Agra the place value of atta has fallen by Rs 7 per kg and in Ghazipur (Uttar Pradesh), the value has come down by Rs 11. In Thiruvananthapuram and Chennai, atta costs have fallen by Rs 11 and Rs 6 respectively in the course of the previous one month.
Meena mentioned a lot of the gamers who’ve purchased the FCI wheat by e-auction are small and medium wholesale merchants. Officials mentioned it normally takes a while to convert wheat to atta at a business scale.
In the wake of the federal government’s open market intervention, the typical wholesale value of wheat has fallen by nearly Rs 600 per quintal in previous three weeks. “We will provide one other 11 lakh tonnes of wheat in the open market subsequent week,” Meena mentioned. He added the federal government has authorised FCI to offload one other 20 lakh tonnes of wheat from its buffer inventory.
The FCI chief mentioned even after providing this extra amount, the company could have sufficient surplus over the necessary buffer amount. Elaborating, he mentioned FCI could have a strategic reserve of almost 95 lakh tonnes as on April 1, which is round 20 lakh greater than the buffer inventory.
Last yr, wheat procurement for the central pool had declined to 188 lakh tonnes from 433.4 lakh tonnes in the 2021-22 advertising yr, as per the official knowledge.
Meanwhile, shopper affairs ministry knowledge present that the retail value of atta in Delhi on Thursday was Rs 32 per kg, down by Rs 3 from January 24. At most centres, the value of atta has moderated, together with Agra the place value of atta has fallen by Rs 7 per kg and in Ghazipur (Uttar Pradesh), the value has come down by Rs 11. In Thiruvananthapuram and Chennai, atta costs have fallen by Rs 11 and Rs 6 respectively in the course of the previous one month.
Meena mentioned a lot of the gamers who’ve purchased the FCI wheat by e-auction are small and medium wholesale merchants. Officials mentioned it normally takes a while to convert wheat to atta at a business scale.
In the wake of the federal government’s open market intervention, the typical wholesale value of wheat has fallen by nearly Rs 600 per quintal in previous three weeks. “We will provide one other 11 lakh tonnes of wheat in the open market subsequent week,” Meena mentioned. He added the federal government has authorised FCI to offload one other 20 lakh tonnes of wheat from its buffer inventory.
The FCI chief mentioned even after providing this extra amount, the company could have sufficient surplus over the necessary buffer amount. Elaborating, he mentioned FCI could have a strategic reserve of almost 95 lakh tonnes as on April 1, which is round 20 lakh greater than the buffer inventory.
Last yr, wheat procurement for the central pool had declined to 188 lakh tonnes from 433.4 lakh tonnes in the 2021-22 advertising yr, as per the official knowledge.
