FCI sets 26.3 mt wheat procurement target

Image
Komal Amit Gera Chandigarh
Last Updated : Jan 20 2013 | 8:45 PM IST

Expecting bumper wheat production in most states, government agencies are targeting procurement of 26.3 million tonnes (mt) of the foodgrain against the 22.5 mt collected last year.

Senior Food Corporation of India (FCI) officials said the early comparative figures may vary due to various reasons but they expect to achieve the target comfortably.

Of the 26.3 mt, a substantial 21.2 mt is estimated to be lifted from Punjab (10.7 mt), Haryana (6.5 mt) and Uttar Pradesh (4 mt). Punjab and Haryana, which contribute close to 70 per cent to the national pool of wheat, are likely to increase their contribution this year.

Gujarat and Madhya Pradesh were the first to start the process by March-end followed by Uttar Pradesh and Haryana. In Punjab, wheat procurement was supposed to start on April 1 but there will be a delay following late arrivals.

Over the past week, agencies have purchased 434,000 tonnes of wheat from centres across India under the decentralised procurement scheme, against the 763,000 tonnes in the corresponding period last year.

Punjab, which had contributed 10.2 mt to the central pool last year, is expected to make an additional contribution of 500,000 tonnes. Haryana is expected to add 200,000 tonnes more to the national pool over last year’s 6.3 million tonnes to 6.5 million tonnes.

But the most significant improvement in wheat production was witnessed in Uttar Pradesh with a 250 per cent increase over last year’s output — from 1.6 mt in 2009-10 to 4 mt this year. According to sources, wheat acreage has also seen an increase of 5-10 per cent in the state. The timely availability of quality seed and favourable weather helped the UP farmers with better yield.

The latest FCI data shows that agencies have already procured 432,000 tonnes (Madhya Pradesh), 2,500 tonnes (Gujarat), 82 tonnes (Haryana) and 140 tonnes (Uttar Pradesh). Procurement in Rajasthan and Bihar will start in the second half of April.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 06 2011 | 12:21 AM IST

Next Story