Global wheat shortage may not benefit farmers in Punjab: The Tribune India

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Tribune press service

Parvesh Sharma

Sangrur, April 1

State farmers are unlikely to derive any immediate benefit from the current global shortage of wheat due to the Russian-Ukrainian war, as they have no arrangement to store the wheat and no large private buyers have yet entered. in grain markets.

Traders say states that are easily accessible from ports are likely to reap profits. Also, Punjab’s tax system is discouraging as exporters will have to pay taxes – including 3% market fee, 3% rural development fund, 2.5% commission – more than any other state.

“The war has created an opportunity for the export of wheat, but Punjab has not made any favorable export announcements. The high tax rate here is another disincentive. I haven’t seen a single major exporter take an interest in the state to date. Only owners of flour mills are likely to buy more compared to last year at slightly higher rates,” said Ravinder Singh Cheema, chairman of the Arhtiya Punjab Association.

He added that he did not expect a significant drop in arrivals on the cereal markets. Some farmers said that although they had heard of the global wheat shortage, they did not have the infrastructure to store their stock.

“We cannot store our wheat even for a month and we will have to sell it immediately after harvest,” said Sulakhan Singh, a farmer from Mangwal village.

BKU (Dakaunda) General Secretary Jagmohan Singh said, “State and central governments should help farmers make arrangements to store their wheat so that they can sell it at a higher rate later. We plan to start an agitation if the government fails to help the farmers.”

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