Wheat Prices: Wheat prices have increased during the festive season. At present, the price of wheat has increased from 1.5 percent to 3 percent. This will benefit the wheat growers. The expansion of Pradhan Mantri Garib Kalyan Yojana (PMGKY) will also increase the total availability of wheat in the market. Due to this, the price of wheat is also expected to fall. However, for the time being, there are signs of increasing wheat prices.
Wheat price increased by Rs 70 to Rs 80 per quintal across the country
Wheat prices have increased by Rs 70 to Rs 80 per quintal across the country in the last fortnight following the ban on export of wheat flour. At present, the price of wheat has reached from 2 thousand 430 to 2 thousand 450 quintals. This information has been given by the traders. Traders expected that if the central government did not extend the Pradhan Mantri Garib Kalyan Yojana, the prices of wheat would rise sharply. However, the Pradhan Mantri Garib Kalyan Yojana is being expanded. The overall supply of wheat will increase due to the ongoing internal grain distribution through this scheme. Traders have also informed that this will slow down the pace of increase in the price of wheat.
India is the second largest producer of wheat in the world
Meanwhile, India has become the second largest wheat producer in the world. Green Revolution has played an important role in increasing agricultural productivity in the country. India has become self-reliant in food production. The Green Revolution started in the 1960s. Since then, the country’s wheat production has increased by nearly 1,000 percent. According to the information given by the central government, the total wheat production of the country in the early 1960s was 98.5 lakh tonnes. Which increased to 1,068.4 lakh tonnes in 2021-22. India exported a record 7 million tonnes of food grains in the last financial year.
Wheat production will increase
According to the information given by the central government, the Green Revolution has made a very important contribution in increasing the agricultural productivity. Today the total production of food grains per hectare has increased by 3 times. The grain yield per hectare in the mid-1960s was 757 kg. Which has increased to 2.39 tonnes in 2021. Wheat production in the country is estimated to be 10.68 million tonnes in the year 2021-22. This is 29.6 lakh tonnes more than the average production of 103.8 million tonnes in the last five years. The area under paddy, the major kharif crop during this period, has declined by 8 per cent from 343.7 lakh hectares of the previous season.
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