Parle Cutting Down 10,000 Jobs: Grain Prices as on 04-09-2019

Demand of Wheat Flour has hit a slump in the Indian domestic market. Small and Medium scale Flour Mills are struggling due to moderation in demand of flour. Reports of Biscuit factories struggling to cope with slowdown in Indian economy is not good news for Wheat Millers across India. Biscuit factories are major buyer of wheat flour of wheat millers and news of Parle cutting down 10000 jobs due to high costs is alarming. Stiff competition and increase in Minimum support price of wheat has already affected sales of wheat millers across the country.

Increased procurement of wheat by Food Corporation of India (FCI) hit the wheat millers due to limited wheat supply available for private purchasing. MSP for wheat is set at INR 1840 per quintal and after storage, distribution, mandi fees and other incidental costs the price of wheat comes to INR 2250 per quintal approximately for private millers. FCI too is facing the heat with no definite policy for procurement and storage of food grains. Current Stock of wheat in central pool Food Corporation of India is at 435.88 lakhs Metric Tons.

This is 7% more than previous year stock during the same month. Given the increase in MSP on wheat by Government of India, debt ridden Food Corporation of India will struggle in the coming years. Current Kharif crop harvest will start from October and then FCI will further struggle with storage space in their warehouses. Find the current prices of grains as on 04.09.2019 below:

Commodity Mandi Price (Per Quintal)
Wheat Mill Quality Top NCR INR 2150
Wheat Mill Quality Normal NCR INR 2050
Wheat Rajasthan INR 1875 – INR 1945
Wheat Top Rajasthan INR 2100 – INR 2250
Wheat Uttar Pradesh, Uttarakhand INR 1850 – INR 1950
Wheat Punjab INR 1950 – INR 2025
Wheat Gujarat INR 1850
Wheat Mill Quality Gujarat INR 2100
Wheat Mill Quality (South India) Chennai, Kerala, Tamil Nadu INR 2400 – INR 2550
Wheat Sharbati Madhya Pradesh INR 2750 – INR 2900
Wheat Madhya Pradesh INR 2050 – INR 2100
Wheat West Bengal INR 1950 – INR 2050
Wheat MP Sharbati (Retail) National INR 3300
Bajra Gujarat INR 2260
Jowar White Gujarat INR 3300 – INR 3350
Jowar White Andhra Pradesh INR 2400
Jowar Red Rajasthan INR 2550
Jowar Red Maharashtra INR 2200
Jowar Red Uttar Pradesh INR 2050
Jowar Red Tamil Nadu INR 2075
Jowar Red Gujarat INR 1700
Barley Rajasthan INR 1890
Maize (Makka) Gujarat INR 2250
Maize (Makka) Top Mill Quality Gujarat INR 2320
Maize (Makka) Feed Quality Bihar INR 2000
Maize (Makka) Bihar INR 2200
Maize (Makka) Feed Quality Punjab INR 2000 – INR 2080
Maize (Makka) West Bengal INR 2300 – INR 2350
Maize (Makka) Delhi INR 2200
Maize (Makka) Maharashtra INR 2300 – INR 2580

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