Browsing Tag

Wheat prices

Support price for wheat next week

2013-10-31 ISLAMABAD: Wheat support price for Rabi crop is expected to be announced next week, and currently the federal government is consulting provinces for a consensus to fix the support price. “The purpose of consulting provinces is to fix a price which could equally benefit both growers as well as consumers,” said Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan here on Wednesday. Bosan anticipated an acute shortage of water during the next…

Minimum support price for wheat likely to be raised by Rs 50 per quintal

TNN | Oct 16, 2013 NEW DELHI: The government is likely to increase the minimum support price (MSP) of wheat by Rs 50 per quintal, a move that may bring some dividend for the UPA in next general election. The Cabinet Committee on Economic Affairs (CCEA) may approve the proposal to raise the MSP to Rs 1,400 for the fiscal, starting April 2014. Sources said that besides wheat, CCEA will also take a call on increasing the MSP of other five rabi crops — barley, gram, masur, mustard seed and…

Russia’s wheat prices rise as harvest, sowing delayed

October 15, 2013 Russia's wheat export prices continued to rise last week as better weather did little to speed up harvest and sowing schedules, set back by rain earlier in the autumn, analysts said on Monday. Unfavourable conditions for harvesting in Siberia prompted two leading agricultural analysts to cut their forecasts for Russia's 2013 grain crop last week. The country, expected to be the world's fifth-largest wheat exporter in 2013/14, is also forecast to decrease the area it…

European wheat futures lower after three-month high

October 15, 2013 European wheat futures edged lower on Monday as a quiet market consolidated below a 3-1/2 month high hit last week. The market remained firmly underpinned by export demand and crop concerns in South America and the Black Sea region, but was lacking fresh impetus to test major resistance points on prices charts. November milling wheat on the Paris Euronext market was 0.75 euro or 0.4 percent lower at 198.50 euros a tonne by 1339 GMT. It had risen to 200.50 euros a tonne on…

India sells wheat to UAE, first private deal since late August

October 12, 2013 India has sold 30,000 tonnes of milling wheat to the United Arab Emirates, its first private deal since late August as tightening Black Sea supplies open a brief window for exports from the subcontinent. Along with lower output in major producers China, Brazil and Argentina, this has opened a window of opportunity for India to sell down its massive stockpiles before Australian new-crop supply enters the market from December. India's wheat stocks at government…

European milling wheat prices lower

September 26, 2013 European milling wheat prices edged lower on Tuesday following weaker US prices and as export demand was capped by competition from cheaper product from the Black Sea region. November milling wheat on the Paris Euronext market was down 0.13 percent at 186.75 euros ($250) per tonne by 1306 GMT, after earlier touching a session high of 187.75 euros. "Europe is still not competitive with Black Sea origin wheat, so it's not getting all of the export demand that it could do,"…

Chinese wheat prices hit record high on tight supply

September 26, 2013 Chinese wheat prices have hit record peaks due to dwindling high-quality supplies and growing expectations state purchase prices will rise before the planting season begins next month. Beijing, keen to encourage farmers to grow more wheat for the 2014 harvest, is expected to announce an increase in the price it pays for grain for its national stockpiles before planting begins in October. Rising domestic prices could stoke Chinese demand for imported wheat, triggering…

Punjab opposition rejects recent increase in wheat price

August 31, 2013 JALIL HASSAN AKHTAR Leader of Opposition in Punjab Assembly Mian Mahmudur Rashid on Friday has rejected recent increase in wheat price and demanded that government introduces Relief Package for small farmers. Opposition legislators lamenting increase in price of wheat showed their dissent on that. They averred that increase in wheat price has put severe pressure on masses adding that are already severely hurt by inflation in the country. Opposition leader Rashid…

PFD to propose wheat price plan to cabinet committee

August 20, 2013 Punjab Food Department (PFD) is likely to give a presentation to the Cabinet Committee of the Punjab on Wednesday regarding the wheat price situation in the province to chalk out the strategy for releasing wheat from the official storages to flour millers to arrest the upward trend in the prices of flour for facilitating the consumers. Sources in the Food Department told Business Recorder that the increasing prices of wheat in the open market was resulting in escalation…

Qaim approves Rs 3450 per 100kg wheat price

August 17, 2013 Sindh Chief Minister Syed Qaim Ali Shah on Friday approved wheat price as Rs 3450 per 100 kg. The approval of wheat price was given by the Chief Minister in a meeting which was attended among others by the Provincial Minister for Food Jam Mehtab Dahar, Advisor Finance Murad Ali Shah, Chief Secretary Sindh Chaudhry Muhammad Ijaz and other officials. The Chief Minister directed the officials concerned to ensure the supply of wheat and wheat flour on fixed rates to the…

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