Tridge summary
The Indian government has started purchasing wheat from farmers at the minimum support price for the 2025-26 marketing season, procuring over 1 million tonnes in the first few days. This is a significant increase from the previous year, with robust arrivals in states like Madhya Pradesh, Rajasthan, Uttar Pradesh, and Gujarat. The government aims to meet its procurement target of 31 MT by including states like Punjab and Haryana, which are expected to contribute significantly to the procurement. The agriculture ministry projects a record wheat production of 115.3 MT in the 2024-25 crop year. Since the 2021-22 season, the government has seen a steady increase in wheat procurement, having learned from past years when purchase volumes fell due to lower output. Bonus payments have been announced by the state governments of Madhya Pradesh and Rajasthan to encourage farmers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The government’s wheat purchase from farmers at minimum support price (MSP) in the 2025-26 marketing season (April-June) has commenced on a brisk note. The agencies have procured over 1 million tonne (MT) till Wednesday against just 0.35 MT of grain purchased during the same period last year. This is because of early purchase and robust arrivals of wheat in Madhya Pradesh, Rajasthan, Uttar Pradesh and Gujarat, just two weeks back. With conducive weather conditions leading to robust crop prospects, the government may meet the procurement target of 31 MT for the entire season. In the last three years, MSP purchase of wheat has been below target. A major chunk of procurement of wheat by the Food Corporation of India (FCI) and state agencies is reported from Madhya Pradesh at close to 1 MT along with Rajasthan (51,373 tonne) and Uttar Pradesh (10,625 tonne). Arrivals of wheat in mandis across Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan and Gujarat so far stand at 2.6 MT ...
Source: UkrAgroConsult
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