Govt refutes reports, says no plan to import wheat as sufficient stocks available

New Delhi: India has no plan to import wheat as it has ample stocks to meet the domestic requirements, Department of Food & Public Distribution on Sunday clarified after a media report said India was likely to start importing the staple foodgrain. “There is no such plan to import wheat into India. The country has sufficient stocks to meet our domestic requirements and FCI has enough stock for pubic distribution,” the department said on Twitter responding to the news item. Earlier this year, multiple rounds of heat waves in several wheat-growing regions in India ahead of the rabi harvest affected some wheat crops. As per the fourth advance estimate of production of major agricultural crops released by the Union Ministry of Agriculture and Farmers Welfare, production of wheat during 2021-22 is estimated at 106.84 million tonnes, as against the reported earlier estimate of 111 million tonnes. As the tensions between Russia and Ukraine turned into a full-blown war, export demand for wheat got a boost, resulting in lifetime high prices of the staple foodgrain in the local mandis. Heat wave-led crop loss too led to price rises. Notably, both the countries involved in the conflict – Ukraine and Russia – are two major suppliers of wheat. In Indore in Madhya Pradesh, which is considered one of the key mandis, wheat prices touched as high as Rs 2,400-2,500 per 100 kg, against Rs 2,000-2,100 until the conflict in Ukraine broke out. Prices of wheat usually remain on the lower side during this time of the year as freshly harvested rabi crops make their way into the physical markets or mandis. Still, the current wheat price in India is well above the Centre’s assured Minimum Support Price of Rs 2,015 per 100 kg, which in itself is a rare phenomenon. Currently, wheat is trading a little below Rs 2,400 per 100 kg in Indore. In other markets too, wheat prices have somewhat softened. However, wholesale prices of wheat in the domestic mandis have lately managed to fall from their lifetime highs and have stabilized as the central government timely brought in a slew of policy interventions on the exports of the foodgrain. For the record, to manage the overall food security of the country as well as meet the needs of the neighbouring and other vulnerable countries, India amended the export policy of wheat by putting its export under the “prohibited” category. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.