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Wheat procurement starts on dull note; might pick up pace in coming weeks

Prices started falling from second half of March because new crop started arriving from Madhya Pradesh, Rajasthan, Gujarat

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Sanjeeb Mukherjee New Delhi
Wheat procurement, which has started on a dull note, might pick up when arrivals improve in major growing areas of Punjab, Haryana and western Uttar Pradesh.

The data of the ministry of food shows that till Wednesday around 1.04 million tonnes of wheat, around 15 per cent less than in the same period last year, have been procured for the Central pool.

A big fall has been in Madhya Pradesh, where around 860,000 tonnes have been procured till Wednesday as against 1.15 million tonnes during the same period last year.

The state has targeted procuring around 6.7 million tonnes in