Flour millers in Asia have been caught on the wrong side of a rally in wheat prices as they waited for the market to decline, a stark contrast to animal feed producers who booked cargoes of corn several months before prices for that grain jumped. Benchmark Chicago corn futures climbed by almost a fifth in […]
Wheat
Crackdown on wheat hoarders in district Nankana Sahib, 50 kg bags of wheat seized
More than two hundred and thirty thousand 50kg bags of wheat have been seized in two raids carried out by Assistant Commissioner Sonia Kaleem alongside officials from the Punjab Food Department with help from local Police on directions of Deputy Commissioner Nankana Sahib Raja Mansoor. Grain purchased from poor farmers at low rates has been found in […]
India hikes wheat import duty to support local farmers
India has raised its import duty on wheat to 40 percent from 30 percent, the government said late on Friday, as the world’s No. 2 producer of the grain tries to support local farmers. The step comes as Prime Minister Narendra Modi’s party looks to contain rural discontent due to lower crop prices amid voting […]
Wheat growers cry exploitation amid govt inaction
Larkana-harvests-1.5-million-acres-of-bumper-wheat-cropFresh wheat crop grown on both sides of Indus River has started entering the market across Larkana Division. Traders are doing a roaring business as they procure 40 kilogrammes between Rs 950 to 1000, inflicting a loss between Rs 250 to 300 to the growers. Wheat was sown on approximately 1.6 million acres in five […]