To make storage space available for the fresh Rabi Harvest, the Union government has decided to allocate an additional 5 million tonnes of wheat and rice to the Below Poverty Line (BPL) population under the public distribution system (PDS). The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, cleared the Food Ministry's proposal at a meeting on Monday. The additional foodgrains will be made available from June 1 over...

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...

India is growing more wheat than it ever was. While other leading wheat producing countries like China and US are witnessing a decline in output, the country has stood as an exception with an estimated record production of 84.27 million tonnes of the staple foodgrain this year. Russia, Canada and Australia, too, are witnessing a downturn. “India is gaining internationally in the wheat production,” S S Singh, Project Director of Directorate of Wheat...

Over Rs.1,000 crore deposited Procurement process being monitored For the first time in India, the Madhya Pradesh government has directly deposited over Rs. 1,000 crore in the bank accounts of farmers against procurement of wheat in the last 25 days. This amount includes a bonus paid at the rate of Rs.100 per quintal. The direct deposit process aims at saving farmers from the clutches of middlemen and will be continued in the coming...

With the arrival of wheat in terminal markets, all is not well as the weather still hold the keys. The partly cloudy weather in two major wheat producing states, Punjab and Haryana, has the farmers worried. According to the Meteorology Department, Chandigarh — there are chances of light to moderate rainfall after a couple of days in few parts of Punjab and Haryana. Officials in Haryana Agriculture Department said rain was not...