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India poised to surpass last year's wheat procurement record

Published May 21, 2024

Tridge summary

The government agencies are expected to procure more wheat than last year, potentially reaching 262 lakh tonnes, but falling short of the initial estimate of 300-310 lakh tonnes. Madhya Pradesh has seen a significant decrease in procurement, extending its period to May 31. Meanwhile, Punjab and Haryana have reported higher purchases than last year. The Food Corporation of India is confident that the total procurement will reach 270 lakh tonnes, which will be sufficient to meet the food security requirements and provide stock for market intervention. The reasons for the reduced procurement in Madhya Pradesh are being investigated, and it is uncertain if the government will lift the restriction on wheat exports this year or revert to the previous wheat-rice allocation ratio.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Government agencies are set to exceed last year's wheat procurement figure of 262 lakh tonnes in the coming days, with current purchases reaching around 261 lakh tonnes as of Saturday. However, the total is expected to fall short of the initial estimate of 300-310 lakh tonnes. .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget .sr_desc{margin:0 auto 0;} #sr_widget .sr_desc{color: #024d99;margin-top:10px;} .live_stock .lb-icon{7px 6px 5px 3px !important} #Elections with ETLok Sabha Voting Phase 5: All the latest newsMadhya Pradesh, experiencing a nearly 33% decrease in procurement compared to last year, has extended its procurement period to May 31. Meanwhile, Punjab and Haryana have recorded higher purchases than last year, with totals of 124 lakh tonnes and 71.4 lakh tonnes, respectively. TNNFood Corporation of India (FCI) officials remain confident that total procurement will ...
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