-PTI Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture Minister Sharad Pawar said today. Wheat production in India, the world's second-largest producer, stood at a record 85.93 million tonnes in the 2010-11 crop year (July-June). Wheat is only grown in the rabi season (winter). "Indications are that rabi...
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Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Poor storage, movement of foodgrains a worry again by K Balchand
Rise to the occasion, PM tells Railways Ministry yet to finalise Food Security Bill draft Poor storage and movement of foodgrains are a matter of worry for the second consecutive year to the UPA government. Procurement during the current Rabi Marketing Season has already exceeded last year's level. The Ministry of Consumer Affairs, Food and Public Distribution is bothered about the likely scenario of destruction of procured foodgrains during what is being described...
More »Wheat procurement picks up; concern over storage by Gargi Parsai
Procurement of wheat for the public distribution system on Friday crossed the last year's level although it remained lower in Punjab and Uttar Pradesh, compared to the corresponding period last year, due to late arrival or delayed reporting. As per the latest data released by the Centre, the Food Corporation of India and State agencies had procured 20.92 million tonnes of wheat compared to 20.61 million tonnes procured last year in...
More »Wheat procurement in Punjab down 39 pc vis-a-vis last year
Wheat procurement in Punjab has reached 56.22 lakh metric tonnes (MT) so far in the ongoing crop year, but this is still 39 per cent lower than the volume lifted in the corresponding period of previous year. Government procurement agencies and private millers have procured 56.22 lakh MT of wheat so far, whereas 91.60 lakh MT of crop was procured last year. Wheat harvesting got delayed in Punjab because of extended cold...
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