“FCI will not be able to procure its estimated set target for wheat as private traders and millers are offering more remunerative prices to purchase farmers’ produce. This will result in about 26 million tonnes wheat procurement this season," the agency’s chairman and managing director Ashok Meena said.
Farmers in some states such as Uttar Pradesh and Bihar are keener to sell their wheat crops to traders, millers and stockists due to higher market prices. This is the reason FCI’s procurement in these states has been significantly lower than in Punjab and Haryana, said Navneet Chitlangia, vice president of Roller Flour Mills Federation of India.
Fair average quality (FAQ) wheat in key wholesale markets of Uttar Pradesh and Bihar is being traded at ₹2,100-2,300 a quintal, while it is quoted at ₹2,125-2,126 per quintal in Punjab and Haryana, according to the agriculture ministry’s agmarknet portal.
FCI is procuring wheat at the minimum support price of ₹2,125 a quintal.
Denne historien er fra May 09, 2023-utgaven av Mint Mumbai.
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Denne historien er fra May 09, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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