Wheat procurement swells to record 37.31 MT
Record wheat production in the country has given a boost to government's procurement of the key staple as it rose by 35 percent to an all time high of 37.31 million tonnes (MT) in the current marketing season so far.
New Delhi: Record wheat production in the country has given a boost to government's procurement of the key staple as it rose by 35 percent to an all time high of 37.31 million tonnes (MT) in the current marketing season so far.
The government had purchased 27.55 MT of wheat in the 2011-12 wheat marketing season (April-March).
The procurement of wheat in this season has already surpassed the government's target of 32 MT.
As per official data, wheat procurement as on June 25 was 37.19 million tonnes and the arrivals stood at 39.58 MT.
Punjab and Haryana have procured nearly 12.82 MT and 8.66 MT of wheat, respectively, in the current season.
Wheat purchase in Madhya Pradesh stood at 8.49 MT, while in Uttar Pradesh it was 4.64 MT.
Wheat production in India, the world's second-largest producer, is estimated at a record 90.23 MT in the 2011-12 crop year (July-June). The minimum support price of wheat stands at Rs 1,285 per quintal.
A record production of foodgrains in the last two consecutive years has led to storage problem.
Food Minister K V Thomas last week said that about 6.6 MT of wheat kept in the open and in an unscientific way, mainly in Punjab, Haryana, Madhya Pradesh and Rajasthan, run a high risk of damage during the monsoon.
Of the 50 MT of wheat held by government, 27 MT is kept in the open, of which 6.6 million tonnes is lying in an unscientific way, he said.