Wheat procurement prolonged until Might 31 in 6 states

Wheat procurement has been prolonged until Might 31 in six states, together with Uttar Pradesh and Madhya Pradesh, the place it was to finish early this month, the Meals Ministry stated on Sunday. Wheat procurement was scheduled to finish on Might 10 in Rajasthan and on Might 15 in Uttar Pradesh, Madhya Pradesh, Bihar, Gujarat and Himachal Pradesh.

Wheat procurement within the ongoing 2022-23 advertising yr started in April. Most wheat is procured within the first few months of the yr.

“The Centre has requested wheat producing states and UTs with procurement deadlines expiring early to proceed procurement until thirty first Might, 2022,” the Meals Ministry stated in a press release.

Nodal company Meals Company of India (FCI) has additionally been requested to proceed with wheat procurement below the central pool, it stated.

The prolonged interval is anticipated to profit farmers. The choice comes within the wake of requests by state governments/UTs to proceed the procurement course of, it added.

In the meantime, the procurement of wheat below the central pool is progressing easily in states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttarakhand, Himachal Pradesh, J&Okay, Gujarat, Bihar and Rajasthan.

The ministry additional stated the federal government’s procurement has been much less to date this yr primarily because of the greater market costs than MSP, whereby farmers have been promoting wheat to personal merchants.

The federal government on Might 13 restricted export of wheat to rein in excessive costs of wheat, besides in case of irrevocable letter of credit score and requests from neighbouring/food-deficit international locations.

The federal government’s wheat procurement reached 18 million tonne until Might 14 of the continuing 2022-23 advertising yr, lower than 36.7 million tonne within the year-ago interval.

Wheat procurement goal has been revised to 19.5 million tonne from earlier goal of 44.4 million tonne for this yr.

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