Wheat procurement touches 15.4mt mark

"We have crossed the target and expect to cross 18 million tonnes by the time procurement comes to an end by mid-May", said Alok Sinha, chairman and managing director, Food Corporation of India.

A higher purchase price of Rs 1,000 a quintal against Rs 850 last year, lower participation of the private trade and better market arrivals have contributed to the better procurement, he said