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07-Jun2017

Wheat procurement touches 30.1 MT so far in 2017-18 marketing year

Government's wheat procurement has touched 30.1 million tonnes (MT) so far in the ongoing rabi 2017-18 marketing year, crossing the last year's total purchase of 22.9 MT. About 11.7 MT of wheat has been procured from Punjab, 7.4 MT from Haryana, 6.72 MT from Madhya Pradesh, 3 MT from Uttar Pradesh and 1.17 MT from Rajasthan so far this marketing year.

The wheat marketing year normally runs from April to March. But the procurement this year was undertaken a fortnight early by the Food Corporation of India (FCI) as well as state agencies. The government procures wheat from farmers at the minimum support price (MSP). The government has set a procurement target of 33 MT for 2017-18 on the back of record output.

Further, wheat production target is kept at a record 97.44 MT for 2016-17 crop year, much higher than the actual output of 93.50 MT last year.



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