Comments
Procurement of wheat by the Government agencies stood at 33.26 million tonnes (mt) as on Monday, exceeding the targeted 32 mt for the 2018-19 marketing year (April-March).
A Statement from the Food Ministry said that the purchases were higher by around 16 per cent this year as compared with last year’s 28.72 mt.
Purchases have been higher in Punjab, Haryana, Madhya Pradesh and Rajasthan on higher market arrivals with the country witnessing a record wheat output. As per the latest estimates by the Agriculture Ministry, wheat production is hitting a new high of 98.61 mt (98.51 mt) against the targeted 97.50 mt.
In Punjab, the agencies have procured about 12.61 mt of the total arrivals of 12.66 mt, about 8 per cent higher than last year. Similarly in Haryana, the wheat procurement is higher by around 18 per cent at 8.73 mt over last year. The market arrivals have slowed down considerably in these two states indicating that the procurement process was in final stages.
In Uttar Pradesh and Madhya Pradesh, the daily market arrivals are around one lakh tonnes. In UP, the purchases, so far, are higher by around 71 per cent over last year. Procurement in UP stood at 3.6 mt (2.1 mt). In MP, the procurement has exceeded the targetted 6.7 mt for the year.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.