Connect with:
Sunday / April 21. 2024
HomePosts Tagged "Department of Food and Public Distribution"

The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat and Rice to control prices and ensure easy availability in the country.

 In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided that Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories have to declare their Stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) w.e.f. 01.04.2024 and then, on every Friday till further orders. All the respective legal entities to ensure that stock is regularly and correctly disclosed on the portal.

Further, Wheat Stock Limit is expiring on 31.03.2024 for all categories of entities in States and UTs. Thereafter, the entities have to disclose the wheat stock on portal. Rice stock declaration by all categories of entities is already in-place. Any entity which is not registered on the Portal, may register themselves and start disclosing the wheat and rice stock on every Friday. Now, all legal entities have to declare their Wheat and Rice stock on the portal regularly.

The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat and Rice to control prices and ensure easy availability in the country.

The Department of Food and Public Distribution

All wheat stocking entities are required to register on the wheat stock limit portal and update the stock position on every Friday.

In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2023 was issued on 12 June 2023 and is applicable until 31st March 2024 for all States and Union Territories.

The Department of Food and Public Distribution is maintaining a close watch over the stock position of Wheat to control prices and ensure easy availability in the country.

All wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.nic.in/wsp/login) and update the stock position on every Friday. Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act,1955.

In case the stocks held by above entities are higher than the above prescribed limit, they shall have to bring the same to the prescribed stock limits within 30 days of issue of the notification. Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country.

Also, Government has taken a series of steps under the Open Market Sale Scheme (Domestic) [OMSS(D)]. A quantity of 101.5 LMT wheat at a subsidised price of Rs. 2150/quintal has been allocated for calibrated release into the domestic open market by the FCI, through weekly e auctions. Additional 25 LMT can be offloaded under OMSS during Jan-Mar 2024, depending on requirement. So far, 80.04 LMT has been offloaded by FCI to processors through weekly e-auctions, and this has increased availability of wheat into the open market at affordable prices, benefitting general consumers across the Country.

FCI is also issuing wheat to Central Co-operative organizations like NAFED, NCCF and Kendriya Bhandar for processing into atta and for sale under ‘Bharat Atta’ brand through their physical/mobile outlets, at an affordable price of Rs 27.50/kg. Areas where prices are reigning higher have been identified, and the agencies are undertaking targeted sales in these areas. 7.5 LMT of wheat has been allocated for converting into Atta and sale under ‘Bharat Atta’ brand.  The allocations to NAFED/NCCF and Kendriya Bhandar are being reviewed periodically to ensure sufficient availability.

All wheat stocking entities are required to

Manufacturers/traders may consider lifting FCI rice under OMSS which may be sold to the consumers with a reasonable margin.

In order to review the domestic price scenario of non-basmati rice, Secretary, Department of Food and Public Distribution, Sanjeev Chopra convened a meeting in New Delhi with the leading Rice processing industry representatives.

It was discussed in the meeting that the domestic prices of rice are increasing despite a good crop this Kharif, ample stocks with FCI and in the pipeline and various regulations in place on Rice exports. The rice industry needs to ensure that the prices in the domestic market need to be brought down to optimal levels and efforts at profiteering dealt with strictly. The Annual Inflation Rate of Rice is hovering around 12 per cent for past two years and is cumulating over the years which is a cause of concern.

During the meeting, it was discussed that the benefit of lower prices has to be passed on expeditiously to the end consumers. The leading Rice Industry Associations were advised to take up the issue with their members and ensure that the retail price of Rice is reduced with immediate effect. There are reports of a sharp increase in the margins being availed by wholesalers and retailers which needs to be tempered. Besides, it was suggested that where there exists a wide gap between the MRP and actual retail Price, the same needs to be brought down to a realistic level in order to safeguard the interest of the consumers.

FCI informed the Rice processing industry that sufficient stock of good quality Rice is available which is being offered under OMSS at a reserve price of Rs. 29/Kg. It was also suggested that manufacturers/traders may consider lifting FCI rice under OMSS which may be sold to the consumers with a reasonable margin.

The Department of Food & Public Distribution closely monitors and reviews the prices of Rice in the country and steps in whenever any intervention is required to ensure affordability of Rice which forms an important part of the diet. The Indian consumers thus can expect to pay less for Rice in the coming days.

Manufacturers/traders may consider lifting FCI rice under

The decision is expected to augment the earlier measures taken by the Government to reduce the prices of Edible Oils in the domestic market

To ensure the availability of edible oil to consumers at affordable prices, the Central Government has reduced the Basic Import Duty on Edible Oils. The Department of Food and Public Distribution vide Notification issued an order to this effect wherein the Basic Import Duty on Refined Soyabean Oil and Refined Sunflower Oil has been reduced from 17.5 per cent to 12.5 per cent with effect from today. This will remain in force till 31st March 2024.

The decision is expected to augment the earlier measures taken by the Government to reduce the prices of Edible Oils in the domestic market. The Basic Import Duty is an essential factor which impacts the landed cost of Edible Oils which in turn affects the domestic prices. Reduction in Import Duty on Refined Sunflower Oil and Refined Soyabean Oil will benefit the consumers, as it will help ease domestic retail prices.

The Import Duties on Refined Soyabean Oil and Refined Sunflower Oil were last reduced from 32.5 per cent to 17.5 per cent in October 2021. This was done as during the year 2021, the international prices were very high, which was getting reflected in the domestic prices as well.

The Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution is closely monitoring the prices of Edible Oil in the country and ensuring its adequate availability to consumers.

The decision is expected to augment the

In the last 9 years, the sugar sector has been self-sufficient with more than 99.9%

The growth of the ethanol sector has been tremendous which has set a sort of example for the world, said Piyush Goyal, Union Minister for Consumer Affairs, Food and Public Distribution, Textiles and Commerce and Industry while addressing a one-day seminar on ‘National Seminar on Maize to Ethanol’ organised by Department of Food and Public Distribution.

Goyal said that in the last 9 years, the sugar sector has been self-sufficient with more than 99.9 per cent payment to farmers for the previous season. Now, ethanol will support maize farmers in increasing their income and bringing growth with stability along the lines of sugarcane farmers. Investments of thousands of crores have come creating thousands of jobs in the rural sector which has generated a multiplier effect on the Indian economy. He highlighted that environment-friendly fuel like ethanol has been on the top priority list which has resulted in more than doubling of ethanol blending in just 2 years and the target of 20 per cent ethanol blending has also been preponed from 2030 to 2025.

Timely planning, industry-friendly policies and a transparent approach of the Government of India with the collaboration of industry have made these achievements a reality, he said. He stressed the need for synchronous efforts of the Central Government, States, Research Institutes, OMCs and Distilleries to achieve the target of 20 per cent ethanol blending while keeping the interests of the farmers always on top priority.

The Union Minister highlighted that India has transformed to accomplishing bigger goals in a shorter time to be the world leader. The Target of E 20 was preponed from 2030 to 2025 so that India can have clean fuel with propagating farmers’ interests.

In the last 9 years, the sugar

India would have stocks of 80 LMT of wheat, well above the minimum requirement of 75 LMT

India has a comfortable food situation with an overall surplus availability of grains and stocks expected to be higher than the minimum requirement for the next one year, Secretary, Department of Food and Public Distribution (DFPD), Sudhanshu Pandey, said.

Addressing a press conference in New Delhi Pandey said that after meeting the requirement of welfare schemes in the year ahead, on April 1, 2023, India would have stocks of 80 LMT of wheat, well above the minimum requirement of 75 LMT. India would have surplus wheat even though production was expected to 1050 LMT, slightly lower than the initial estimate of 1110 LMT in FY 23.

Pandey said that due to higher market prices, a large quantity of wheat was being bought by traders at a higher rate than MSP (Minimum Support Price), which was good for the farmers. “This year due to an increase in market prices and higher demand by the private players both for the domestic as well as export purposes, the purchase by the government agency is less. But that goes in favour of the farmers. Farmers are getting a good price for the wheat,” the secretary said.

The Secretary underlined the surplus availability of rice as well. He said, “Our rice procurement last year was about 600 LMT and this year same figure is expected. Our annual requirement for NFSA is roughly about 350 LMT. So, we are in a surplus situation.”

He added that from next year, fortified rice will be distributed to the entire Public Distribution System (PDS) and with surplus rice stocks we are in a comfortable situation.

Pandey also talked about the reallocation order under which 55 LMT additional Rice has been allocated in place of wheat in PMGKY. He said that this was done after extensive consultation will all States/UTs in two steps- firstly, the General Manager of Food Corporation of India (FCI) consulted various State authorities. In the second step, at the Ministry level, the PD (Public Distribution) division responsible for PDS in the country, consulted with States/UTs.

Talking about the wheat exports, Pandey said that till now 40 LMT of wheat has been contracted for export and about 11 LMT has been exported in April 2022. He informed that after Egypt, Turkey had also approved the import of Indian wheat. Pandey said that from June, wheat from Argentina and Australia would start arriving in the international markets, so this was the opportune time for exporters to sell wheat in the international markets.

Pandey also clarified that the edible oil stocks were sufficient in the country and after a temporary ban by Indonesia, the palm oil imports were expected to start soon and this would soften the edible oil prices in the country.

India would have stocks of 80 LMT