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Wheat procurement up nearly 4% on increased arrivals

Wheat procurement up nearly 4% on increased arrivals
PTI
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First Published: Mon, May 09 2011. 07 51 PM IST
Updated: Mon, May 09 2011. 07 51 PM IST
New Delhi: Wheat procurement during the rabi marketing season 2011-12 has risen by almost 4% to 21.73 million tonnes (MT) as compared to the year-ago period on increased arrivals.
Food Corporation of India (FCI) had procured almost 21 MT of wheat in the corresponding period of the previous year.
Punjab that contributed the maximum to the buffer stock of the major rabi crop last year, has so far procured 10.25 MT of the foodgrain crop against 10.08 MT in the year-ago period.
Haryana, the second largest contributor to the Centre’s kitty last year, purchased 6.41 MT of wheat as compared to 6.29 MT in the corresponding period of the previous year.
Punjab and Haryana had procured about 73.53% of the total purchase of 22.51 MT in the entire 2010-11 marketing year (April-March).
The government is targeting procurement of 26.2 MT in 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 Rs 1,170 per quintal to farmers this season, including a bonus of Rs 50.
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First Published: Mon, May 09 2011. 07 51 PM IST
More Topics: Wheat | Procurement | Punjab | Haryana | FCI |