Wheat procurement for central pool up by 10 pc in Punjab

Image
Press Trust of India Chandigarh
Last Updated : May 05 2017 | 5:22 PM IST
Wheat procurement for the central pool in Punjab grew by 10 per cent in the ongoing Rabi marketing season over the previous season's purchase, on higher arrivals.
Wheat procurement by the state-owned agencies reached 112.20 lakh metric tonne (LMT) so far as against procurement of 102 LMT in the corresponding period of last season, FCI official said today.
As wheat crop arrivals are still on in various grain markets of the state, total wheat procurement is expected to be around 118-120 LMT, officials said.
"This time, there will be a bumper crop in Punjab. The total procurement may reach 118-120 LMT," an official of Punjab Agriculture department said.
Punjab this season is anticipating 170 LMT of wheat output on the back of favourable weather conditions and absence of any major attack of any disease on the crop. Last year, wheat production was pegged at 165.12 LMT.
Wheat procurement for the central pool during previous season in Punjab was 106.56 LMT.
Private traders have also evinced keen interest in buying wheat from mandis as their purchase was on higher side this season.
Private traders including roller flour millers have purchased 2.50 LMT of wheat as against 1.70 LMT in corresponding period of last year, official said.
Meanwhile, as much as 72.17 LMT of wheat arrived in the mandis of Haryana so far.
Out of the total arrived wheat, the five government procuring agencies have purchased over 72.10 lakh metric tonnes and traders have purchased more than 6,834 metric tonnes of wheat at Minimum Support Price.
While stating this here today, a spokesman of Food, Civil Supplies and Consumer Affairs Department said the procurement process was running smoothly in the mandis.
Giving details of the wheat procured by government agencies, he said that 17.82 lakh MT of wheat has been procured by Food and Supplies Department, whereas HAFED has purchased 25.90 lakh MT of wheat.
He said that Food Corporation of India has purchased 8.50 lakh MT of wheat, Haryana Agro Industries Corporation has purchased 6.61 lakh MT and 13.26 lakh MT of wheat has been procured by Haryana Warehousing Corporation.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: May 05 2017 | 5:22 PM IST

Next Story