Wheat Procurement Up By 20 Percent So For This Year (13-Jun-2011)
All-time high production of wheat and Rs 50 bonus offered by the government over and above the minimum support price has increased wheat procurement by 20 percent so far this year at record 26.97 million tonnes.
The procurement stood at 22.44 million tonnes (MT) during April 01-June 10 period of last year while the government's total purchase last year was 22.51 MT, according to the latest food ministry data. Besides, record production of 84.27 MT, the government's decision to give Rs 50 per quintal bonus on top of support price of Rs 1,120 per quintal contributed in bumper procurement this year.
The previous record for procurement was 25.38 MT during the 2009-10 marketing year (April-March). According to data, wheat arrival in mandi rose by 21 percent to nearly 30.73 MT till June 10 this year as against 25.49 MT in the year-ago period.
Punjab -- which contributes maximum to the government's buffer stock -- has so far procured 10.94 MT, followed by Haryana at 6.88 MT while wheat procurement by Madhya Pradesh, Uttar Pradesh and Rajasthan stood at 4.89 MT, 2.74 MT and 1.18 MT respectively.
Meanwhile, the rice procurement in the kharif marketing season 2010-11 (October-September) has gone up by 5 percent to 30.25 MT so far as compared to 28.71 MT in the year-ago period. The country's rice procurement during the year-ago period stood at 32.03 MT.
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