mandi bhav of india

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Govt’s wheat procurement touches record high of 38.98 mn tonnes

The government’s wheat procurement has touched an all-time record of 38.98 million tonnes so far in 2020-21 marketing year (April-March), with Madhya Pradesh surpassing Punjab as the country’s biggest wheat procuring state. 

The previous record was 38.18 million tonnes achieved in 2012-13. Wheat procurement stood at 34.77 million tonnes during 2019-20 marketing year. Wheat marketing year runs from April-March, but bulk of procurement is normally done in the first

 three months. Wheat procurement target has been set at 40.7 million tonnes for the current year. The state-run Food Corporation of India (FCI) and state agencies undertake purchase of wheat at minimum support price (MSP). PTI