New Delhi: Wheat production of the country has surpassed what government had projected in its third advance estimate.
“Wheat production has touched 78 million tons this year,” Food Corporation of India (FCI) Chairman and Managing Director Alok Sinha told reporters.
As per the government’s third advance estimate, wheat production is projected at a record 76.78 million tonnes in 2007-08 season as compared to 75.81 million tonnes in the previous year.
On the back of record production and higher minimum support price, FCI — the nodal agency for procurement and distribution of foodgrains under public distribution system — along with other state agencies has so far procured 22.14 million tonnes of wheat against the targeted 15 million tonnes.
The government has fixed the wheat MSP at Rs1,000 per quintal to boost procurement during ongoing marketing season.
The Centre had to import 7.3 million tonnes of wheat during last two years because of low procurement than targeted.