GFM Network News

A worker carries a ladder past sacks filled with wheat at a Food Corporation of India (FCI) warehouse in Morinda in the northern Indian state of Punjab February 20, 2013. On Oct. 1, wheat stocks at government warehouses amounted to 32.3 million tonnes, nearly three times the official target.

India boosts wheat subsidies to farmers

Wheat stocks already in government warehouses are nearly three times the official target

The Indian government has raised the price it will pay to buy new-season wheat from local farmers by 3.57 per cent to 1,450 rupees ($23.60) per 100 kg, encouraging the crop even though supply has exceeded demand for eight years. India, the world’s second-biggest wheat consumer, sets a price each year to protect domestic farmers

India on track to produce surplus wheat for the sixth year in a row

India, which is also the world’s biggest consumer of grain after China, produced a record 93.9 million tonnes in 2012

India looks likely to harvest a bumper crop of wheat in 2013, its sixth in a row to exceed demand, after late monsoon rains replenished soil moisture, strengthening prospects for exports from the world’s second-biggest producer for a second year. Annual monsoon rains picked up after a slow start in June, prompting Farm Minister Sharad

Indians Call For Wheat Exports

Wheat purchases by Indian state agencies have started strongly in the new season, further boosting government stocks and leading to industry calls to allow exports after a two-year ban. Farmers in the key wheat-surplus states of Punjab and Haryana were expected to begin selling in early April as recent showers have delayed the harvest, but

India considers oil import tax

India is considering to tax vegetable oil imports to protect the domestic industry from a slump in prices and lift a ban on exports, the farm minister said Oct. 19. Sharad Pawar also said the government would consider scrapping an export tax of 8,000 rupees (US$162.30) per tonne on basmati rice. “Global edible oil prices