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LATEST NEWS UPDATES | Punjab farmers holding back wheat stocks in hopes of better prices -Vishal Joshi

Punjab farmers holding back wheat stocks in hopes of better prices -Vishal Joshi

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published Published on May 3, 2022   modified Modified on May 6, 2022

-Hindustan Times

Field studies and market trends show wide disparity between drop in crop yield and drop in wheat arrival at mandis in semi-arid belt of Punjab’s Malwa region

Bathinda: Field studies conducted by the state agriculture authorities reveal that districts in the semi-arid belt of Punjab’s Malwa region have recorded a drop of 8-17% in wheat yield even as the market trend indicates a much wider gap in crop arrival in mandis this rabi season as compared to the last year.

According to agriculture experts, this disparity indicates that farmers are holding back a part of their wheat stock, hoping that private players would offer higher prices in the coming weeks. On the ground, even farmers confirm that they are hopeful of a surge in prices. Wheat purchase in Punjab has entered the final stage with the state government on Tuesday announcing the shutting of all mandis from May 5.

Analysis of the state agriculture department and Punjab mandi board data shows that among the seven districts of south Malwa, Fazilka witnessed the widest gap between the results of the crop cutting experiments (CCEs) and sales (or arrivals) at mandis till May 3. CCEs are conducted every year to get an accurate estimate of the yield of key crops.

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Hindustan Times, 3 May, 2022, https://www.hindustantimes.com/cities/chandigarh-news/punjab-farmers-holding-back-wheat-stocks-in-hopes-of-better-prices-101651600787969.html


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