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Wheat procurement up 16% so far; may cross target of 32 mln tons

Press Trust of India  |  New Delhi 

has risen by 16 per cent to 31.87 million tonnes so far in this marketing year and is all set to cross the government's target of 32 MT, according to official data.

State-run (FCI) and state agencies had procured 27.57 MT in the same period of the 2017-18 marketing year (April-March).

Total stood at 30.82 MT in 2017-18 and government had fixed higher target in view of record output.

"There is increase in purchase because more centres were set up this year. As a result, more and more farmers are approaching the centres to sell their produce," a told

As many as 18,326 centres have been established for wheat procurement this year, as against 17,304 centres last year, he said, adding that wheat procurement will surpass the target.

As per the data, wheat buying in has increased to 12.48 MT so far in the 2018-19, from 11.55 MT in the year-ago period.

Similarly, wheat buying in has gone up to 8.71 MT from 7.36 MT, while in it has increased to 3.03 MT from 1.6 MT in the said period.

Wheat purchase in has increased marginally to 6.24 MT so far this year as against 6.01 MT in the same period last year.

According to the FCI official, the procurement operation in is almost complete and it will get over in and by month-end. In and Rajasthan, the procurement will take place till June 15, he added.

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

As per the second estimate, wheat output is likely to decline by 1.42 per cent to 97.11 million tonnes in the 2017-18 crop year.

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

First Published: Mon, May 14 2018. 16:35 IST
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