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How will bread reach the plate of the poor, flour may become more expensive, wheat reserves in the country are decreasing

Sagar Patel

By Sagar Patel

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Decreased wheat storage Image credit source: Unsplash

There was a time when India had to import wheat from other countries of the world. Then the Green Revolution took place in the country and we became self-sufficient in foodgrains. Today the situation is such that the government is giving free food grains to 80 crore people in the country. At the same time, we export wheat or flour from Türkiye to Egypt and Europe. But soon flour may become expensive in the country and put a dent in the pocket of the common man.

Yes, wheat stocks in the country’s warehouses are currently decreasing. As per norms, there should be enough wheat available in the country’s warehouses at all times to meet the needs for three months (around 138 lakh tonnes). According to media reports, this time before the government started purchasing wheat, the wheat stocks in government warehouses were only 75 lakh tonnes. Previously, the lowest wheat stocks were 58 lakh tonnes during 2007-08.

You may have to import free cereals

To replenish wheat stocks, the government continuously purchases wheat. So far, the government has purchased 264 lakh tonnes of wheat. While the target is 372 lakh tonnes. Not only this, the government has also extended the deadline for purchasing wheat until June 22, although wheat does not reach the markets as much. If the situation continues like this, the government will have to immediately import wheat to distribute grains to the poor.

It hasn’t mattered for a long time

India’s wheat exports have increased in recent years. While the last time India imported 15 lakh tonnes of wheat from Australia and Ukraine was in 2017-18. While 80 lakh tonnes of wheat were exported from the country in 2021-22, 55 lakh tonnes in 2022-23 and 5 lakh tonnes in 2023-24.

Flour can get expensive

Due to shortage of stocks, wheat prices are continuously increasing. It has increased 8% in a year. At the same time, their prices have also increased in recent days. Flour millers are waiting for the government wheat auction to be held in the festive season after Rakhi, due to which wheat prices will go down.

Currently, the price of wheat in the open market ranges between Rs 2,600 and Rs 2,700 per quintal. In such a situation, flour made from expensive wheat will also be expensive. According to experts, due to this, the price of flour may reach Rs 31 per kg in the next 15 days, up from Rs 28 currently.

To control wheat prices, the government has imposed stock limits on traders. Now it cannot store more than 5,000 quintals of wheat.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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