Breaking News

You are here » Indian-Commodity  :  Commodities  :  Wheat  :  Wheat procurement rises by 13.74% to 119 lakh tonnes

19-Apr2017

Wheat procurement rises by 13.74% to 119 lakh tonnes

The government's wheat procurement has gone up by 13.74% to 119 lakh tonnes (LT) so far in the 2017-18 marketing year. The procurement commenced early this year, from March 15, in some states like Madhya Pradesh. The bulk of wheat procurement is done in the first three months though wheat marketing year runs from April to March. The government agencies Food Corporation of India (FCI) as well as state agencies undertake procurement operation at the Minimum Support Price (MSP).

The procurement of wheat in Haryana has increased to 47.16 LT so far this year, as against 44.56 LT in the year-ago period. The procurement in Punjab has gone up to 37.42 LT from 30.81 LT, while in Madhya Pradesh it rose to 30.55 LT from 28.29 LT. About 2.31 LT of wheat has been purchased from Rajasthan, 1.56 LT from Uttar Pradesh and 2,000 tonnes from Gujarat.

Wheat production target is kept at a record 96.50 million tonnes for 2016-17 crop year, much higher than the actual output of 93.50 million tonnes 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

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......