-PTI/ Financial Express As per the latest official data, about 162 lakh tonnes of wheat have been purchased by the government agencies till May 1 of the ongoing 2022-23 rabi marketing season (RMS). It was 288 lakh tonnes in the year-ago period. The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current rabi marketing year on higher exports and low arrival in Punjab...
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Glut-like situation in mandis as Punjab awaits relaxation in procurement norms -Gurpreet Singh Nibber
-Hindustan Times The situation, according to the Punjab food and civil supplies department, has arisen due to delay in the Centre’s approval to grant relaxation in the procurement norms as the crop in the current rabi season has percentage of shriveled grain more than the permissible limit of six Chandigarh: There is a glut-like situation in the mandis and procurement centres of Punjab as at least 38 lakh tonne wheat is waiting...
More »On the wheat trail: State granaries under strain, private traders make hay -Sandip Das
-Financial Express Crop loss, lower procurement to deplete FCI stocks; local supplies may suffice for PDS, free-ration schemes At Punjab’s Rajpura mandi, private traders are busy buying the wheat crop brought in by farmers at marginally above the minimum support price (MSP). Traders have been super-active in the mandi, one of the largest centres of wheat trade in the country, and their daily purchases often exceed the official procurement by the state-run...
More »Why wheat prices have shot up despite India’s huge reserves -Vivek Kaul
-Livemint.com Central stocks haven’t been released while exports were upped to fill a Ukraine war-created vacuum One side effect of Russia attacking Ukraine has been a rise in global wheat prices. Wheat importers are struggling. I had written about this possibility in this space on 23 March (‘Like oil, soaring prices of wheat could have broad repercussions’). Towards the end, I had said that India was unlikely to be impacted primarily because...
More »Govt eyes record 44.4 MT of wheat procurement in coming rabi marketing season -Sandip Das
-Financial Express The state wise procurement target of wheat includes Punjab (13.2 MT), Madhya Pradesh (12.9 MT), Haryana (8.5 MT), Uttar Pradesh (6 MT) and Bihar (1 MT). The government on Friday set the target for wheat procurement at a record 44.4 million tonnes (MT) for the Rabi marketing season (2022-23) commencing on April 1. Food Corporation of India (FCI) in collaboration with state government-owned agencies will procure wheat from farmers in the...
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