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
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.