The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes until May 1 of the present rabi advertising yr on larger exports and low arrival in Punjab and Haryana mandis, in keeping with official sources.
As per the newest official knowledge, about 162 lakh tonnes of wheat have been bought by the federal government businesses until May 1 of the continuing 2022-23 rabi advertising season (RMS). It was 288 lakh tonnes within the year-ago interval.
Around 14.70 lakh farmers have benefitted from the procurement on the Minimum Support Price (MSP) worth of Rs 32,633.71 crore, the info confirmed.
The rabi advertising season runs from April to March however the bulk procurement ends by June.
State-owned Food Corporation of India (FCI) and state businesses undertake procurement at a minimal help worth to fulfill the requirement underneath the Public Distribution System (PDS) and different welfare schemes.
The Centre has set a goal to acquire file 444 lakh tonnes of wheat within the 2022-23 advertising yr as in opposition to an all-time excessive 433.44 lakh tonnes within the earlier advertising yr.
The fall within the authorities wheat shopping for, the official sources mentioned, was primarily as a consequence of elevated personal buy for the export in addition to decrease crop yields, particularly in Punjab and Haryana due to the sudden rise in temperature.
About 9.63 lakh tonnes of wheat have been exported by personal gamers until April 21 this yr, as in opposition to 1.3 lakh tonnes within the year-ago interval, the sources mentioned.
As per the info, the federal government’s wheat procurement in Punjab declined to 89 lakh tonnes till May 1 of the present advertising season when in comparison with 112 lakh tonnes within the year-ago interval.
As a lot as 37 lakh tonnes have been bought in Haryana as in opposition to 80 lakh tonnes within the comparable interval.
In Madhya Pradesh, the federal government businesses have procured 34 lakh tonnes of wheat. The wheat procurement within the state stood at 73 lakh tonnes within the year-earlier interval.
There is a large demand for Indian wheat amid a pointy decline within the availability of grain within the world market because of the ongoing battle between Russia and Ukraine. Both nations are main producers and exporters of wheat.
The nation is estimated to have exported over 7 million tonnes within the 2021-22 fiscal.
The official sources additional mentioned that the Uttar Pradesh and Madhya Pradesh governments have despatched groups to instantly procure wheat from farmers.
Meanwhile, the Centre has stopped the sale of wheat underneath the Open Market Sale Scheme (OMSS) to bulk customers and requested them to not look ahead to the recommencement of the scheme for getting the grain, the sources added.
Private gamers are shopping for wheat at greater than MSP amid elevated demand for the grain for export.
Wheat manufacturing is pegged at a file 111.32 million tonnes within the 2021-22 crop yr (July-June), as per the second advance estimate of the agriculture ministry.
Source: www.financialexpress.com”