Average retail price of wheat flour jumps 13% to 32.91 rupees per kg in one year

The average price of wheat flour in retail markets stood at 32.91 rupees per kilogram on Monday, an increase of nearly 13 percent from the year-ago period, according to official data. The India-wide average retail price of wheat flour or atta was Rs 29.14 per kg on May 8, 2021.

Data from the Ministry of Consumer Affairs showed that the maximum price of atta was 59 rupees per kg, the minimum price was 22 rupees per kg and the modal price was 28 rupees per kg on Monday.

On May 8, 2021, the maximum price was Rs 52 per kg, the minimum price was Rs 21 per kg and the modal price was Rs 24 per kg.

On Monday, atta prices stood at Rs 49 per kg in Mumbai, Rs 34 per kg in Chennai, Rs 29 per kg in Kolkata and Rs 27 per kg in Delhi.

The Ministry monitors the prices of 22 essential commodities – Rice, Wheat, Atta, Gram Dal, Tur (Arhar) Dal, Urad Dal, Moong Dal, Masur Dal, Sugar, Gur, Peanut Oil, Mustard Oil, Vanaspati, Oil sunflower oil, soybean oil, palm oil, tea, milk, potato, onion, tomato and salt). Data on these products is collected from 167 shopping centers across the country.

Meanwhile, the government has revised down the wheat production estimate by 5.7% to 105 million tonnes for the 2021-22 crop year ending in June from the previous projection of 111.32. million tonnes, as crop productivity was affected due to the early onset of summer.

India’s wheat production stood at 109.59 million tonnes in the 2020-21 crop year (July-June).

The Centre’s wheat purchases are expected to more than halve to 19.5 million tonnes in the current rabi marketing year amid rising exports and likely lower production, the agency said. Food Secretary Sudhanshu Pandey last week.

Earlier, the government set the wheat supply target at 44.4 million tonnes for the 2022-23 marketing year, down from a record high of 433.44 lakh tonnes in the previous marketing year. The rabi marketing season runs from April to March, but the bulk supply ends in June.

The secretary, however, had asserted that there would be no concern to meet domestic demand under the public distribution system.

He had also ruled out the possibility of imposing wheat export restrictions as farmers get more than the minimum support price (MSP) for their produce.

Wheat exports reached a record 7 million tonnes in the 2021-22 financial year.