Govt’s wheat procurement touches record high of 38.98 million tonnes so far in 2020-21

By: |
Updated: Jul 10, 2020 5:12 PM

Wheat marketing year runs from April-March, but bulk of procurement is normally done in the first three months.

Wheat procurement target has been set at 40.7 million tonnes for the current year.Wheat procurement target has been set at 40.7 million tonnes for the current year.

The government’s wheat procurement has touched an all-time record of 38.98 million tonnes so far in 2020-21 marketing year (April-March), with Madhya Pradesh surpassing Punjab as the country’s biggest wheat procuring state.

The previous record was 38.18 million tonnes achieved in 2012-13. Wheat procurement stood at 34.77 million tonnes during 2019-20 marketing year.

Wheat marketing year runs from April-March, but bulk of procurement is normally done in the first three months.

Wheat procurement target has been set at 40.7 million tonnes for the current year.

The state-run Food Corporation of India (FCI) and state agencies undertake purchase of wheat at minimum support price (MSP).

“We have procured 38.98 million tonnes of wheat so far. The procurement operations are almost complete in major states. Few thousand tonnes more will be brought in the next few days,” a senior FCI official told PTI.

According to FCI’s latest data, Madhya Pradesh became the largest contributor to the central pool with 12.93 million tonnes of wheat, surpassing Punjab which procured 12.71 million tonnes.

Haryana (7.4 million tonnes), Uttar Pradesh (3.55 million tonnes) and Rajasthan (2.21 million tonnes) also made significant contributions to national procurement of wheat.

FCI has a total stock of 81.25 million tonnes as on July 8, of which wheat comprises 54.52 million tonnes and rice is at 26.72 million tonnes.

The central government had relaxed lockdown norms to start agricultural and related activities, with procurement commencing only from April 15 in most of the procuring states.

The Union Agriculture Ministry in its third estimate has pegged wheat output to reach an all-time record level of 107.18 million tonnes in the 2019-20 crop year (July-June) as against 103.60 million tonnes in the previous year.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Two crore families provided with piped drinking water in last one year: PM Modi
2Prime Minister Modi wants self-reliant farmers for Atmanirbhar Bharat; focuses on agri reforms
3PM Modi’s mantra for Atmanirbhar Bharat: Value-Addition to raw material, making finished goods