Wheat Price: If the government had not done this work, the price of wheat could have reached Rs 45… know who claimed this
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Federation told a press briefing that due to the Open Market Sales Scheme announced on January 26, 2023, the prices of wheat and wheat products have come down by Rs 600-800 per quintal across India. This has brought relief to the common people and the industry. The Federation also informed that the area under wheat for the coming season is expected to be around 343.23 lakh hectare. Despite the premature heat, a record production of 106-110 million tonnes is expected this time. The government has set a target of procuring 34 million tonnes of wheat.
Price reaches Rs 45
The government had started selling wheat in the open market from January 26, 2023, which has led to a fall in the prices of wheat and wheat products. This has brought relief to the consumers and flour mills. Pramod Kumar S, President, Roller Flour Millers Federation of India, said that despite the low stock, after wide consultations, the government allowed FCI to offload 50 MT of wheat from the central pool stock. The Centre’s timely intervention has not only brought relief to the poor, lower and middle class, but has also benefited a wide range of industries including bread and biscuits.
Wheat Price: Flour can be cheaper by Rs 10, the government is going to do this work to reduce inflation
Federation’s Senior Vice-President Navneet Chitlangia said that in the states where wheat has been unloaded from the Central Pool as per the demand, at present the rate of wheat in the wholesale market has come down to Rs 23-24 per kg. Similarly, in the states where the unloading process is going on, the price is Rs 24-25 per kg. Had the government not intervened in time, the prices could have gone up to Rs 40-45 per kg. FCI has already offloaded about 32-33 lakh tonnes of wheat through the e-auction process that began in late January this year.
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