INDIA'S WHEAT EXPORT--RESTRICTING “FCI WHEAT EXPORT” FOR LOWER PROCUREMENT IS UNETHICAL

The recent trend in the Government to meddle and manage local prices of food items upward (e.g. sugar/wheat) to the detriment of consumers in the name of farmers is contra to sound macro socio-economic policies. The principle of equity and fair play is negated when Governments surreptitiously create deceptive conditions of short-term non-sustainable high prices that would finally put growers in a loss situation or give them loss of profitability. 

-->

Surprisingly, FCI has decided to deprioritize exports at a time when world market is unusually upbeat. The reason— by diverting export demand to market yards (mandis) Government wants to escalate open market price--more than Minimum Support Price (MSP)-- at harvest time (April-May), to shrink wheat procurement to the minimum.

READ THE ARTICLE BELOW--- 

 

Rains this year in March 2014 have delayed maturing of the wheat ears. The picture below was taken on 30.3.2014 near Amritsar Punjab((north India) that shows the wheat is still green as distinct from the "yellow" grains in the second picture which is REQUIRED AT at the harvest stage.