NEW DELHI: The executive has procured 41 lakh tonnes of wheat on the minimal fortify value immediately from farmers to this point within the ongoing 2023-24 advertising 12 months (April-March), down 18% from the year-ago length, a best FCI authentic mentioned on Monday.
Speaking to PTI, Food Corporation of India (FCI) chairman and managing director Ashok Okay Meena mentioned the procurement has been decreased because of lengthen in harvesting and decrease arrivals in mandis particularly in Punjab, Haryana, Uttar Pradesh and Rajasthan on account of the new unseasonal rains.
The premature rains had led to wreck to the crop in some portions of the wheat-growing states, thus deteriorating the standard of the grain in a couple of puts.
However, the federal government has eased procurement norms for wheat in 5 states — Uttar Pradesh, Punjab, Haryana, Madhya Pradesh and Rajasthan — within the passion of farmers, he mentioned.
“Wheat procurement has reached 41 lakh tonne till April 16 of the current marketing year, slightly lower than 50 lakh tonne in the year-ago period,” Meena mentioned.
The executive procurement will pick out up within the coming days as wheat arrivals are higher now in Punjab and Haryana mandis, he added.
FCI is the nationwide nodal company that undertakes procurement of wheat on the minimal fortify value together with state companies. The procurement is finished no longer best to give protection to the passion of farmers but additionally to handle buffer inventory for use for more than a few welfare schemes.
The executive has set a procurement goal of 34.2 million tonnes for the 2023-24 advertising 12 months, as towards the true procurement of nineteen million tonnes in 2022-23.
Last 12 months, wheat procurement had declined because of fall in home wheat manufacturing owing to heatwave.
However, wheat manufacturing this 12 months is projected to be at a file 112.18 million tonnes and the federal government is assured of accomplishing this goal however the affect of new premature rains.
Speaking to PTI, Food Corporation of India (FCI) chairman and managing director Ashok Okay Meena mentioned the procurement has been decreased because of lengthen in harvesting and decrease arrivals in mandis particularly in Punjab, Haryana, Uttar Pradesh and Rajasthan on account of the new unseasonal rains.
The premature rains had led to wreck to the crop in some portions of the wheat-growing states, thus deteriorating the standard of the grain in a couple of puts.
However, the federal government has eased procurement norms for wheat in 5 states — Uttar Pradesh, Punjab, Haryana, Madhya Pradesh and Rajasthan — within the passion of farmers, he mentioned.
“Wheat procurement has reached 41 lakh tonne till April 16 of the current marketing year, slightly lower than 50 lakh tonne in the year-ago period,” Meena mentioned.
The executive procurement will pick out up within the coming days as wheat arrivals are higher now in Punjab and Haryana mandis, he added.
FCI is the nationwide nodal company that undertakes procurement of wheat on the minimal fortify value together with state companies. The procurement is finished no longer best to give protection to the passion of farmers but additionally to handle buffer inventory for use for more than a few welfare schemes.
The executive has set a procurement goal of 34.2 million tonnes for the 2023-24 advertising 12 months, as towards the true procurement of nineteen million tonnes in 2022-23.
Last 12 months, wheat procurement had declined because of fall in home wheat manufacturing owing to heatwave.
However, wheat manufacturing this 12 months is projected to be at a file 112.18 million tonnes and the federal government is assured of accomplishing this goal however the affect of new premature rains.