Purchases hit by farmers holding back produce; Govt to probe reasons for missing target in MP
Despite the initial lead and the State government’s announcement to pay ₹125/quintal bonus to wheat farmers, the total procurement has reached 4.74 mt so far, down by 33 per cent from 7.08 mt a year ago | Photo Credit: –
Wheat procurement by the Food Corporation of India (FCI) for the central pool has reached 26.12 million tonnes (mt) as of May 19 against 26.13 mt in the same period a year ago, official data showed. The procurement is expected to cross last year’s 26.2 mt as a few more days are left for the government purchase to end. However, if may close below the government’s “official estimate” of 37.29 mt fixed for this year.