India to ease wheat purchase standards to rebuild reserves

10 May 20231 min reading
India is expected to ease wheat purchase rules from farmers after unseasonal rains and hailstorms damaged crops just before the start of harvest in the main producing central and northern states.

plans to buy 34.15 million tonnes of new season wheat from local farmers to bolster government reserves after purchases fell 53% to 18.8 million tonnes last year due to a weak harvest.
A senior government official said new-season wheat had started arriving in the market, but the crop had lost its lustre in some districts because of recent rains. “We have allowed the Madhya Pradesh state to procure wheat even if there is a 10% loss in lustre. If required,

we would consider other states and other parameters like moisture,” the official told Reuters. The central state of Madhya Pradesh is the second largest producer of wheat after the northern state of Punjab.
Wheat in Punjab and Haryana has also been damaged by the rains and the government would be under pressure to make the same sort of changes in the purchase rules for these states, a New Delhi-based trader said. Punjab, Haryana and Madhya Pradesh together constitute more than 98% of the total wheat procurement in 2022.

Articles in News Category
14 October 20193 min reading

China opens soymeal market to Argentina

China allows the import of soymeal livestock feed from Argentina for the first time under a deal an...

08 December 20203 min reading

Imas Machinery ranks in Turkey's R&D 250 list again

Imas Machinery, which is established within the structure of Ittifak Holding in 1989, succeeded t...

05 August 20151 min reading

Satake and Alapala announced strategic partnership

Two leading companies of milling industry, Satake and Alapala announced they signed a strategic par...