Centre further relaxes quality norms for wheat procurement

Image
Press Trust of India New Delhi
Last Updated : Apr 20 2015 | 6:57 PM IST
Providing relief to farmers affected by recent heavy rains and hailstorm, the Centre today further relaxed quality norms for the procurement of wheat in Haryana, Rajasthan, Madhya Pradesh and Uttar Pradesh.
The Food Ministry has reduced the value cut for shrivelled and broken grains on the requests received from these four states.
Wheat procurement is underway. Food Corporation of India (FCI) and state agencies procure wheat at the support price.
"The Department of Food and Public Distribution has decided not to impose much value cut in respect of more shrivelled and broken grains," the Food Ministry said in a release.
"As such, Rs 3.63 per quintal will be deducted on wheat having shrivelled and broken grains above 6 per cent up to 8 per cent and in case of wheat having shrivelled and broken grains above 8 per cent up to 10 per cent, value cut of Rs 7.25 per quintal will be deducted," the release said.
The value cut in respect of luster lost grains will remain the same as specified in the order-dated April 8. The value cut will be applicable from the date of relaxation allowed. All other conditions will remain the same, it added.
Unseasonal rains and hailstorms, witnessed from February -end, have damaged rabi (winter-sown) crops in about 113 lakh hectares in about 14 states.
Total cultivable area in rabi season stands at 600 lakh hectares and wheat is a major rabi crop.
The Centre has fixed the wheat procurement target at 30.05 million tonnes in 2015-16 marketing year (April- March) as against 28 million tonnes bought by the FCI last year.
Wheat production is likely to fall by 4-5 per cent from the initial estimates of 95.76 million tonnes in 2014-15 crop year (July-June) due to unseasonal rains.
*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 20 2015 | 6:57 PM IST

Next Story