NEW DELHI: With wheat procurement crossing 18 million tonnes mark this season, the government may procure another 2 million tonnes by the end of the season, experts said.
“The government can procure 2 million tonnes more by the end of this season if the trend continues,” an expert said. Last year, the government had procured 11.1 MT of wheat leading to an import of 1.8 MT.
Meanwhile, much to the relief of consumers, who are bearing the brunt of price-rise, retail prices of several food items remained stable in four metros since April, while that of edible oils and vanaspati showed a downward trend following government’s price control measures. Mumbai, the financial capital of India, saw downward trend in the prices of mustard oil, vanaspati, tur and potato. While mustard oil prices fell by Rs 5 to rs 70 a kg, vanaspati rates dropped Rs 6 to Rs 62 a kg.
Tur and potato rates declined by a rupee and Rs 1.5 and is available at Rs 39 and Rs 8 respectively.
However, rice, wheat and atta prices remained constant at Rs 18, Rs 13 and Rs 14 respectively in the national capital. The prices of these items remained stable in other three metros also.
“The government can procure 2 million tonnes more by the end of this season if the trend continues,” an expert said. Last year, the government had procured 11.1 MT of wheat leading to an import of 1.8 MT.
Meanwhile, much to the relief of consumers, who are bearing the brunt of price-rise, retail prices of several food items remained stable in four metros since April, while that of edible oils and vanaspati showed a downward trend following government’s price control measures. Mumbai, the financial capital of India, saw downward trend in the prices of mustard oil, vanaspati, tur and potato. While mustard oil prices fell by Rs 5 to rs 70 a kg, vanaspati rates dropped Rs 6 to Rs 62 a kg.
Tur and potato rates declined by a rupee and Rs 1.5 and is available at Rs 39 and Rs 8 respectively.
However, rice, wheat and atta prices remained constant at Rs 18, Rs 13 and Rs 14 respectively in the national capital. The prices of these items remained stable in other three metros also.
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