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Export demand, yield loss fears due to heatwave buoy wheat flour, bread prices



New Delhi, Might 9 (IANS) The month-to-month common retail worth of flour (atta) has risen practically previously one yr interval to Rs 32.3 per kg. The present costs are the best since January 2010.

On the identical time final yr, its common worth was at Rs 29.1, as per the information maintained by the Value Monitoring Division (PMD) within the Division of Shopper Affairs.

Atta costs have been rising as each manufacturing and shares of wheat have fallen in India. Demand from abroad markets have risen Ukraine and Russia, presently concerned in a raging warfare, are a few of the main producers of the commodity.

Driving on a attainable provide disruption of wheat because the tensions between the 2 international locations simmered, export demand for the foodgrain obtained a recent push.

The present wheat worth in India, at round Rs 2,400 per 100 kg, is nicely above the Centre’s assured Minimal Assist Value, which in itself is a uncommon phenomenon.

The Minimal Assist Value for wheat for the 2022-23 advertising and marketing season was mounted at Rs 2,015 per 100 kg.

You will need to word that costs of wheat stay on the decrease aspect throughout this time of the yr as freshly harvested rabi crops make their method into the bodily markets or mandis.

Studies additionally recommend that early onset of summer time adopted by extreme heatwaves in key wheat rising areas is more likely to scale back crop yields. Extreme warmth sometimes shrivels grains within the maturity stage.

Among the many 4 metros, the common wheat flour retail worth was the best in Mumbai at Rs 49 per kg, adopted by Chennai at Rs 34, Kolkata Rs 29, and Delhi Rs 27.

Rising gas costs too have a bearing on the growing wheat flour charges.

Together with wheat flour, the costs of bakery bread too have reportedly registered a pointy improve in latest months.

Wheat flour is broadly used within the preparation of bread.

–IANS

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