India’s food ministry procures 34,917 tonnes of wheat in Rabi marketing season so far

The government of India has procured 34,917 tonnes of wheat at minimum support price (MSP) for Rs 70.36 crore in the Rabi marketing season so far, an official statement said.

The rabi marketing season runs from April to March. Bulk of wheat is being procured between April and June. “Procurement of wheat has recently commenced in Rabi Marketing Season 2022-23 in the States of Madhya Pradesh, Haryana, Punjab and Uttar Pradesh,” the statement said.

A quantity of 34,917 tonnes of wheat has been procured till April 3, benefitting 3,510 farmers with MSP value of Rs 70.36 crore, it added.

Paddy procurement is progressing smoothly in Kharif Marketing Season (KMS) 2021-22 at MSP from farmers. The kharif marketing season runs from October to September. “A quantity of 750.29 lakh tonnes of paddy has been procured in KMS 2021-22 upto April 3 in procuring States/UTs,” the statement said.

Till now, about 108.01 lakh farmers have been benefitted with MSP value of Rs 1,47,055.95 crore, it added. The current wheat stocks with the Food Corporation of India (FCI) are now roughly three times the buffer norm and the ongoing rabi procurement will increase the stocks further. FCI has more than 23 million tonnes (MT) of wheat stocks against a buffer norm of 7 MT.

Madhya Pradesh has recently announced a waiver of mandi fee and other levies aggregating 3.5 per cent on grain purchases in the state, in a bid to increase wheat exports. The state is the second-biggest producer of wheat in the country. State chief minister Shivraj Singh Chouhan has called a meeting of wheat exporters in Bhopal next Monday.

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