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Govt targets to procure 32MT wheat in 2018-19

Press Trust of India  |  New Delhi 

The government today fixed target at 32 million tonne (MT) for 2018-19 marketing year starting April, as against 30.82 MT purchased by state-owned FCI during 2017-18.

A ministry statement said the decision was taken at a meeting of state secretaries here to discuss arrangements. The meeting was chaired by Secretary

"In consultation with the states, it has been decided to keep an estimate of 32 MT of during 2018-19 marketing year," the statement said.

target, however, is higher than the actual purchase of 30.82 MT during 2017-18 marketing year.

Out of the total target for 2018-19 marketing year, aims to procure maximum at 11.9 MT, followed by 7.4 MT, 6.7 MT, 4 MT, 1.6 MT, 2 MT and Uttarakhand 1 MT.

Although marketing year runs from April-March, the bulk of is done in first three months. Corporation of (FCI) and state agencies undertake purchase at the minimum support price.

In case of rice, the government has set a target to buy 5.5 MT grown in rabi season of 2017-18 crop year, which is over and above the estimate of 37.5 MT set for buying kharif rice this year.

Already, kharif rice has reached 28.97 MT as on February 9 this year.

production target has been kept at 97.50 MT for 2017-18 crop year and the government is hoping better production at an all time high of over 100 MT even as acreage under the crop is down 4 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 17:00 IST