LIVE MARKET TRACKER :   BSE SENSEX   26567.99      |    NSE NIFTY 7945.55    
GLOBAL MARKETS :  NASDAQ 4420.053   -0.05%    |    FSI London 6503.15   -0.83%    |    NIKKEI Japan 15661.99   -2.61%
  USD GBP EUR CAD AUD INR
USD - 0.6204 0.7915 1.1162 1.1397 61.51
GBP 1.6121 - 1.276 1.7994 1.8373 99.1572
EUR 1.2636 0.7839 - 1.4104 1.4401 77.721
CAD 0.8963 0.5561 0.7095 - 1.0215 55.1313
AUD 0.8777 0.5445 0.6947 0.9796 - 53.9843
INR 0.0163 0.0101 0.0129 0.0182 0.0185 -
Indian-Commodity  :  Commodities  :  Wheat  :  Centre directs state govts to release nearly 2.7 MT of wheat

Centre directs state govts to release nearly 2.7 MT of wheat (19-Nov-2012)

Under the open market sale scheme (OMSS) the Cabinet Committee on Economic Affairs (CCEA) last week had approved the sale of 6.5 MT of wheat through the tender process. Following this, the Food Corporation of India (FCI) has instructed the state governments to release nearly 2.7 million tonnes (MT) of wheat to bulk consumers such as flour mills and biscuit makers. The above step will help to control the market prices and also to off-load the high stocks level of the central pool. The scheme would be valid up to February 2013.

The government is taking all possible steps to control wheat prices by offering stocks under OMSS and for smaller states like Himachal Pradesh a minimum of 25,000 tonnes of wheat will be released while for big states a maximum of 1 lakh tonnes of wheat will be released every week.

On weekly basis, FCI will issue tenders and the base price will be the minimum support price (MSP) and local tax and transportation charges. Even though the government's MSP stands at Rs 12.85 per kg in the national capital region, the prices of packed wheat flour are currently ruling at Rs 21 per kg.

During the 2011-12 marketing year (July-June) period, the country had produced a record 93.9 MT of wheat. Due to record procurement at the end of last month the wheat stocks in the central pool now stands at 40.58 MT.


Top News Today
Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15
(01-Oct-2014)

Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15Sounding an alarm bell for the government, the data released by the Controller General of Accounts has revealed that the Fiscal deficit touched 74.9 percent of the Budget Estimates for 2014-15 to cross......click on news to read complete article.

Tata Power, NTPC and Hindalco Industries to see some action today
(30-Sep-2014)

Tata Power, NTPC and Hindalco Industries to see some action todayThe government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no satisfactory progress was made to execute the projects. The decision......click on news to read complete article.

CCEA defers its decision on revising gas prices to November 15
(25-Sep-2014)

CCEA defers its decision on revising gas prices to November 15In a major setback to the oil and gas sector, the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on revising gas prices, expected October-end, to November 15. The CCEA headed by......click on news to read complete article.

International Stock News
US markets closed lower amid mixed economic reports
(01-Oct-2014)

US markets closed lower amid mixed economic reportsThe US markets closed lower on Tuesday, as investors found little solace in mixed bag of economic reports on housing, manufacturing and consumer confidence. The annual home price growth slowed in July......click on news to read complete article.

US markets close lower; stocks recover from session lows
(30-Sep-2014)

US markets close lower; stocks recover from session lowsThe US markets closed lower on Monday, recovering from early morning selling bout, as investor confidence was hit by violent unrest in Hong Kong and a rebound in consumer spending fueled speculation that......click on news to read complete article.

US markets closed higher on bargain hunting
(27-Sep-2014)

US markets closed higher on bargain huntingThe US markets closed higher on Friday on bargain hunting following Thursday's sell-off, which pulled all the three major averages down to their lowest closing levels in over a month. Sentiments remained......click on news to read complete article.

 

     
  
Recent Wheat News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.