Business Standard

Wheat prices climb amid delay in open-market sales by the Centre

The spike in prices coupled with almost-empty pipelines has renewed calls from flour mill owners for the government to liquidate some part of its wheat inventory

Premium

The nationwide crackdown, nicknamed “Operation Kanak”, was undertaken a few days back against officials of the FCI

Sanjeeb Mukherjee New Delhi
With wheat prices scaling new highs since the start of this month, all eyes are now on the open market sales of grains by the Centre.

Trade sources said the sale may have come under some sort of cloud due to the recent raids on Food Corporation of India (FCI) officials and questions over the actual size of the stocks that the corporation holds.

Officially, the data shows that, as on January 1, 2023, India’s wheat stocks in the central pool were estimated around 17.17 million tonnes. This is almost 24.4 per cent more than the buffer and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 18 2023 | 10:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com