Wheat procurement is likely to be lower than projected, say Food Corporation of India sources. The reason is an unexpected shortfall in stock bought in the three major contributors — Punjab, Haryana and Uttar Pardesh.
The three states made a combined contribution of 21.58 million tonnes to the central pool last year. This was more than four-fifths of the FCI’s total procurement of 25.38 mt.
This year, FCI expected to bring in more and the target was tentatively set at 26.2 mt. However, due to the lag in these three major states, total procurement is expected to reach only 25 mt. Total procurement till May 6, said FCI, was 20.62 mt. And, that in the two prime states of Punjab and Haryana are almost entirely over, say their regional offices.
Last year, Punjab contributed 10.725 mt, Haryana sent 6.92 mt and UP, 3.88 mt to the central pool. This year, the target was 11.5 mt for Punjab, 7 mt for Haryana and 4 mt for UP. According to FCI sources, Punjab is now estimated to procure 10.2-10.3 mt, Haryana another 6.3-6.4 mt and UP about 3.5 mt.
A silver lining comes from the exceptionally good procurement from Madhya Pardesh. The state procured 1.97 mt last season. This year, till May 6, it had procured 2.76 mt for the central pool. With one more month to go (procurement is on till June 30), this will go up. FCI sources said the state produced about 10 mt, but procurement had been hampered by the comparative absence of marketing infrastructure.
Recent of the state government to address this have helped raise the marketable surplus.
In Punjab and Haryana, high temperatures in the month of March are said to have affected the late-sown variety, with productivity less than expected.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
