SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Apr, 2023  

Wheat.9.Thmb.jpg Wheat, rice procurement at comfortable levels, says Centre

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 27 Apr, 2023
Wheat procurement during the Rabi marketing season of 2023-24 has surpassed the total procurement of the season, official sources said on Thursday.

Till April 26 2023, wheat procurement during 2023-24 season was 195 lakh metric tonnes (LMT), while in 2022-23, the procurement was 188 LMT.

This has largely benefitted the farmers as the minimum support price (MSP) outflow of about Rs 41,148 crore has already been made to about 15 lakh farmers during the ongoing wheat procurement operations, the sources added.

Notably, major contribution in the procurement comes from three wheat procuring states of Punjab, Haryana and Madhya Pradesh with procurement of 89.79 LMT, 54.26 LMT and 49.47 LMT, respectively.

One of the major factors which have contributed to the progressive procurement this year is the grant of relaxation by the Centre in quality specifications of wheat being procured, in view of untimely rains leading to lustre loss. This will reduce the hardship of farmers and check any distress sale, sources said.

Rice procurement too has progressed well as 354 LMT has been procured till April 26 during Kharif marketing season of 2022-23 with another 140 LMT yet to be procured.

Further, 106 LMT rice is estimated to have been procured during the Rabi crop of Kharif marketing season 2022-23.

The combined stock position of wheat and rice in the Central Pool has surpassed 510 LMT which puts the country in a comfortable position to meet its requirements of food grains, official sources said.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter