Due to increased private trading and a lower yield, the government’s wheat procurement is 57.5 percent less than its original aim this season.
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As per a senior official, the Food Corporation of India (FCI) has bought 18.7 million tonnes of wheat as of Tuesday, a day before the season’s procurement finishes.
On Tuesday, the source told ET that the procurement season will expire the next day. “However, it will continue for a while longer in Uttarakhand, despite the fact that there isn’t much wheat coming in.”
The government had set a target of 44 million tonnes of wheat procurement for this season, but it was later reduced to 19.5 million tonnes due to production being hampered by high heat in March. The ultimate acquisition will very certainly fall short of the amended aim.
Despite the Centre’s request that states with early wheat procurement deadlines, like Punjab and Haryana, continue procurement.
Following massive crop damage caused by a severe heatwave in many wheat-growing regions, the government further lowered grain quality rules, allowing the FCI to acquire shrivelled and broken grains up to 18 percent without any drop to the minimum support price of Rs 2,015 per quintal.
Despite the Centre’s demand that states with early wheat procurement deadlines, like Punjab and Haryana, continue procurement.
Following massive crop damage caused by a severe heatwave in many wheat-growing regions, the government further lowered grain quality rules, allowing the FCI to acquire shrivelled and broken grains up to 18 percent without any drop to the minimum support price of Rs 2,015 per quintal.
PMGKAY and the National Food Security Act (NFSA) demand roughly 32 mt of wheat until April of next year.
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