As prices rise amid record wheat exports, government supplies are now likely to hit the market...

- Market buoyant despite high domestic wheat incomes: Planting for new crop started in country

In the country and globally, the wheat market has seen a rapid reversal of trends recently. Years ago, the local demand was more than the local production of wheat in the country and at that time the country had to import wheat to maintain the domestic supply, but then the production of wheat in the country started increasing rapidly and the era of green revolution started, the reliance on wheat import in India was destroyed and now Sources in the grain market said that India's overseas wheat exports have been increasing rapidly. According to the latest statistics, the export of wheat from the country has doubled in the period of six months from April to September. 47 to 1.48 billion dollars has reached the level. This year wheat exports have doubled as compared to what was exported in this period last year. Due to the Russia-Ukraine war this year, the supply of wheat from these areas in the world market is stagnant and the prices of wheat in the world market are rising. World market experts said that overseas demand for Indian wheat has been strong. The export of wheat in the country was about 630 million dollars in the period of April to September last year, it has increased to 1 billion 48 to 49 million dollars this year. Exports have grown rapidly in dollar terms as the world market has grown. As the rupee tumbled against the dollar in the country's currency market, the global situation for wheat exports has become brighter. Although the Indian government had put restrictions on wheat exports in May due to the sudden increase in wheat exports, but following the request of various countries around the world, the Indian government has allowed the export of wheat to the governments of these various countries. The sources said that it has continued even after the month of May. In the current year, the export of other agricultural products besides wheat has increased by around 24 to 25 percent. And in 6 months, such export has increased to 13 billion dollars and has reached the level of 13 billion 76 to 77 million dollars. The target of twelve months of such export has been set at 23 to 24 billion dollars!

Meanwhile, India's grain markets have seen a significant rise in wheat prices recently. Wheat prices in the country's grain markets have been seen rising despite rising incomes. Earlier, Russia had signed an agreement giving a green light to grain exports, but recently there were signs that Russia would withdraw from the agreement, and wheat prices in the world market rose like a sudden spring. However, later Russia was positive for exports. There is also news of approach showing! Recently, the supply of wheat from Haryana was maintained in the country, while the supply of wheat from Punjab and Uttar Pradesh remained very low in the grain market of the country, market insiders were surprised.

In the month of October alone, the total income of wheat in the country has been around 8 lakh 10 to 15 thousand tons. Earlier such bumper revenue was seen in October 2015 and that time the revenue crossed 9 lakh tonnes and reached close to 10 lakh tonnes in October. From April to October, such income has increased to 21 lakh 70 to 75 thousand tons this year. Recently in the open market of wheat, there was no supply through open market sale schemes by the government, but now with the increase in the market price of wheat, the possibility of increasing the supply to the grain market and flour mills through such schemes of the Food Corporation has also been shown in the market. Government-owned Food Corporation F India The stock of wheat in the warehouses has decreased, but now the supply of such government wheat in the open market is estimated to be around 20 to 30 lakh tonnes. Meanwhile, planting of the new crop of wheat has started in the country. And such planting has increased in October to an area of ​​about 55 thousand hectares, which is about 20 thousand hectares more than the same period last year, said the experts of the agricultural sector.