Wheat production may be over 115 million tonnes (mt) this year, exceeding the government’s second advance estimates of 112.02 mt and also the target of 114 mt due to 4-5 per cent rise in yield. However, the government has not been able to procure wheat from States other than Punjab and Haryana per plan after … Read more
Wheat procurement in the country reached 119.26 lakh tonnes (lt) until April 23, against 159.23 lt year-ago, official data show. Though there is a drop in Punjab, as much as 31.64 lt was bought in last six days from April 19 for the Central Pool stock, which indicates that the procurement is back on track. … Read more
The Food Ministry has reportedly come up with an aggressive plan to procure about 37.3 million tonnes (mt) of wheat this year as the Centre’s buffer stock, maintained by the Food Corporation of India (FCI), may drop below the mandatory norm of 7.66 million tonnes (mt) by April 1. This will be for the first … Read more
Wheat procurement by the Food Corporation of India (FCI) is yet to start due to low arrival of the crop in the market following recent rains which delayed the harvest. Now that Madhya Pradesh and Rajasthan both have declared bonus over and above the MSP, the concentration of traders and stockists will move to Uttar … Read more