Wheat procurement likely to miss target for 3rd year
The New Indian Express|May 20, 2024
IT IS going to be the third straight year when the Government of India will miss its wheat procurement target.
JITENDRA CHOUBEY

Despite the bumper wheat production and additional bonus over minimum support price being provided in a few states, the farmers are unwilling to sell it to the government agencies.

Against the target of 372 Lakh Metric Tonnes (LMT), the government's procurement agencies acquired 257 LMT by May 16, 2024, which is less than 70% of its target and slightly less than the previous year.

"We are expecting our procurement to be around 267-268 LMT by the end of May," said Ashok K Meena, chief managing director, Food Corporation of India (FCI).

In view of lesser procurement, the Centre has extended its procurement deadline to May 31. As per schedule, wheat procurement was scheduled to end on May 10 in Rajasthan and on May 15 in Uttar Pradesh, Madhya Pradesh, Gujarat, Himachal Pradesh and Bihar.

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