Wheat procurement in India may cross 32 million tonnes this crop season – report

The Food Corporation of India (FCI) expects wheat procurement in the country to cross the targeted 32 million tonnes for 2018-19, with state governments ensuring that agencies procure wheat from the farmers at a minimum support price (MSP) of Rs 1,735 per quintal.

Wheat procurement has started in Madhya Pradesh, Gujarat and Rajasthan with state and central agencies procuring for central pool and in a fortnight will begin operation in Punjab and Haryana.

“Wheat procurement has commenced in a few states from March 15 and in the rest of the states we will start from April 1. We will easily be able to procure 31 million tonnes wheat and figures may cross the target. State governments are taking active interest in marketing operations this year,” an FCI official told The Economic Times newspaper.

According to the FCI, a major increase in procurement can be expected from Uttar Pradesh and Madhya Pradesh this year.

In the state of Rajasthan, keeping in mind the convenience of farmers, the government has made arrangement for online and offline registration for sale of wheat and purchase of wheat will be video recorded to maintain transparency at the purchase centres.

The procurement exercise will get over by June, FCI said.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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