Breaking News

You are here » Indian-Commodity  :  Commodities  :  Wheat  :  Government procures 19.31 LT of wheat in current marketing year

10-Apr2018

Government procures 19.31 LT of wheat in current marketing year

The government has procured 19.31 lakh tonnes (LT) of wheat from farmers in the current marketing year so far. The government has fixed wheat procurement target at 320 LT for 2018-19 marketing year, as against 308 LT purchased by state-owned FCI last year.

Food Corporation of India (FCI) and state agencies undertake purchase at the minimum support price (MSP) on behalf of the government. Much of the procurement is happening in states of Madhya Pradesh, Haryana and Uttar Pradesh at present, as arrival of fresh wheat is in full swing. The procurement is expected to pick up in Punjab in the coming months.

The government in the second estimate released in February had projected wheat production to be slightly lower at 971 LT for this year, as against a record 985.1 LT last year.


Related News

View all news

Government raises custom duty on wheat to 30%

In order to protect domestic growers from cheap imports, the government has raised the customs duty on wheat to 30% from 20% earlier. The increase in import duty on wheat comes in the wake of record domestic......

Wheat procurement up 16% to 31.87 MT so far

The procurement of wheat has risen by 16% and stood at 31.87 million tonnes (MT) so far in this marketing year and is all set to cross the government's target of 32 MT. As many as 18,326 centres have been......

Government procures 19.31 LT of wheat in current marketing year

The government has procured 19.31 lakh tonnes (LT) of wheat from farmers in the current marketing year so far. The government has fixed wheat procurement target at 320 LT for 2018-19 marketing year, as......

Top News

View all news

PVR launches 8th multiplex in city of Hyderabad

PVR has launched its 8th multiplex in the city of Hyderabad. The 6-screen property is located in a convenient location at Hyderabad Next Galleria in Musarambagh, Hyderabad. Designed on the boutique cinema......

Rane Madras, Karnataka Bank and Manappuram Finance to see some action today

Rane Madras has received approval to invest up to $20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH),......

Karnataka Bank opens 839th branch in Karnataka

Karnataka Bank has opened its 839th Branch at Nadugodu - Kateel in the state of Karnataka on March 20, 2019. Earlier, the bank had opened 838th Branch at Mysuru - Ramanuja Road, Karnataka. Karnataka Bank......