BackWheat procurement up 8.6% on increased arrivals
Wheat procurement up 8.6% on increased arrivals
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New Delhi: Wheat procurement has gone up by more than 8% to 23.61 million tonnes (MT) so far this year as compared to the year-ago period on increased arrivals.
Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, had procured 21.74 MT of wheat in the corresponding period of the previous year, it said in a statement.
Wheat arrivals at various FCI godowns have gone up by 5.18% to 25.37 MT as compared to 24.12 MT in the year ago period.
However, rice procurement has gone down; it declined marginally by 0.33% to 27.22 million tonnes (MT) so far in 2010-11 kharif marketing season (October-September) as compared to 27.31 MT in the corresponding period of the previous year.
As for wheat, Punjab, the largest contributor to the centre’s kitty of the major rabi crop last year, has so far procured a record 10.74 MT of the foodgrain crop against 10.15 MT in the corresponding period of the previous year.
Haryana, the second largest contributor to the buffer stock last year, purchased 6.70 MT of wheat as compared to 6.32 MT in the same period an year-ago.
In the entire 2010-11 marketing year (April-March), Punjab and Haryana had together procured about 73.53% of the total purchase of 22.51 MT of wheat.
The government is targeting a procurement of 26.2 MT in the 2011-12 marketing year on the back of projected record wheat production of 84.27 MT in 2010-11 crop year (July-June).
The government is paying ₹ 1,170 per quintal to farmers this season, including a bonus of ₹ 50.
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