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LATEST NEWS UPDATES | MP begins wheat purchase at Rs. 2,000/quintal

MP begins wheat purchase at Rs. 2,000/quintal

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published Published on Mar 16, 2018   modified Modified on Mar 16, 2018
-The Hindu Business Line

Indore: Procurement of wheat by government agencies in Madhya Pradesh has begun on Thursday, mainly in the divisions of Indore and Ujjain, where the cereal crop ripens early. Official sources in the State Food and Civil Supplies Department said wheat purchases will commence in the Narmadapuram division from March 20 and across other parts of the State from March 26.

The MP Government is purchasing wheat from the farmers at the rate of Rs.2,000/quintal, by offering a bonus of Rs.265 over and above the Centre’s minimum support price (MSP) of Rs.1,735. Madhya Pradesh is targeting a wheat procurement of 10 million tonnes (mt) and expects to open about 200 procurement centres across the State.

Meanwhile, the government has included crops like chana, masur, onion and garlic under the Bhawantar Yojana, under which the State will pay the difference rate between the existing market prices and MSP for the particular crops.

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The Hindu Business Line, 15 March, 2018, https://www.thehindubusinessline.com/economy/agri-business/mp-begins-wheat-purchase-at/article23263384.ece?homepage=true


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