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Target of wheat procurement set at 30-32 MT
February 29, 2024
|Financial Express Mumbai
AMID PROJECTION OF a record wheat output, the government on Wednesday increased the grain procurement target for the 2024-25 season (April-June) to around 30-32 million tonne (MT), against 26.2 MT purchased from farmers under minimum support price (MSP) operations.
Sources told FE that following the meeting of state food secretaries of key wheat producing states, the government has decided to set higher purchase under MSP operations which is expected to bolster the Food Corporation of India's (FCI) stock which had plummeted to an eight-year low currently.
Procurement in Punjab and Madhya Pradesh, two major contributors to the central pool wheat stock, is currently estimated at 13 MT and 80 MT, respectively, for next marketing season.
The government has announced an MSP of 2,275/quintal for 2024-25 season which is an increase of ₹150/quintal over the previous season.
هذه القصة من طبعة February 29, 2024 من Financial Express Mumbai.
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