Govt imposes 10% import duty on wheat

Govt imposes 10% import duty on wheat

Government on Friday imposed 10 percent import duty on wheat till March 2016 to curb shipments and liquidate poor quality grains lying in FCI godowns.

Wheat procurement may go up by 15% to touch record 44 mn tonne

The government's wheat purchase is expected to touch 44 million tonne in the 2013-14 marketing year starting April, surpassing last year's record of 38.1 million tonne, Food Minister K V Thomas said Tuesday.

India wastes 21 million tonnes of wheat every year: Report

The report by the Institution of Mechanical Engineers (IME) on global food wastage found that as much as 50 percent of all food produced around the world never reaches a human mouth.

'India's wheat exports may touch record 5 million tonne mark'

India's wheat exports are pegged to touch a record level of 5 million tonnes in the 2012-13 marketing season on the back of all time high harvest and large carryover stocks, United Nation's body FAO said.

Govt likely to permit export of addl 1.5 mln tons of FCI wheat

The government is likely to allow export of an additional 1.5 million tonnes of wheat from its godowns in order to clear surplus stocks.

Wheat output may dip marginally to 90 mn tonnes this year

India's wheat production is likely to fall by 4 percent to 90 million tonnes this year assuming normal weather conditions, think tank National Council of Applied Economic Research (NCAER) said Tuesday.

Wheat procurement swells to record 37.31 MT

Record wheat production in the country has given a boost to government's procurement of the key staple as it rose by 35 percent to an all time high of 37.31 million tonnes (MT) in the current marketing season so far.

CCEA could discuss 2mn tonne wheat export proposal this week

Food Minister K V Thomas Monday said the proposal to export two million tonnes of wheat from the central pool could be discussed in the forthcoming CCEA meeting.