Wheat procurement in the ongoing season has reached 33.8 MT as of May 9, which is 36% higher than year-ago period and close to 80% of this season’s total target.
If mandi prices of most rabi crops ruled below their minimum support prices (MSPs) during March, the prices have firmed up since.
Of the five winter season crops, mandi prices of three, including wheat, hovered around MSPs, during April 1-20, while farmers fetched prices higher than MSP for the other two. Contrast this with mandi rates ruling up to 30% below MSPs in recent years.
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