Wheat prices in India stabilised, export restrictions bore fruit

By
Multiple rounds of heat waves in several wheat-growing regions in India ahead of the rabi harvest this year affected crop production. The current wheat price in India is well above the Centre's assured Minimum Support price of Rs 2,015 per 100 kg, which in itself is a rare phenomenon. As the tensions between Russia and Ukraine turned into a full-blown war, export demand for wheat got a boost, resulting in lifetime high prices of the staple foodgrain in the local mandis.

from Agriculture-Economy-News-Economic Times https://ift.tt/0NWh64d

Comments

Post a Comment

Popular AgriNews

Drought roils crops in 42 lakh hectares in Karnataka worth Rs 30,433 crore

By
The deficit rainfall in Karnataka has caused crop losses in 42 lakh hectares, worth about Rs 30,433 crore, during the six-month kharif season. The drought has affected agricultural and horticultural crops, leading to a 28% rainfall deficit and the third lowest rainfall in the state since 1973. This has resulted in farmers being unable to sow major crops and has posed a challenge in meeting drinking water needs. from Agriculture-Economy-News-Economic Times https://ift.tt/8SsDEuk
Read more

Assam’s bamboo-based refinery generates interest among private investors from varied sectors

By
The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice. from Agriculture-Economy-News-Economic Times https://ift.tt/Msz0Jl6
Read more