Krishi VaartaOutlook Agriculture
Government Procurement of Wheat Decreased by 17%
New Delhi: In the present crop season 2018-19, the country's record wheat output is 10.12 million tonnes, but the minimum support price (MSP) decreased by 17.33% compared to 34.06 million tonnes in the previous years compared to the 2019-20 season target of 35.7 million tonnes. Punjab and Haryana have an excess procurement, but Madhya Pradesh, Uttar Pradesh and Rajasthan have portrayed less than anticipated. This season of procurement concludes by June 30.
The government bought only 3.64 million tonnes, down 1.36 million tonnes. Similarly, the purchase in Madhya Pradesh is 6.72 million tonnes against the limit of 7.5 million tonnes. Uttar Pradesh state government claims competitive market prices as one of the factors for reduced than anticipated procurement; hence, the procurement window is extended to June 25.
The Rajasthan government has been able to purchase 1.4 million tonnes against the aim of 1.7 million tonnes, the procurement window is until June 30. Approximately 12.91 million tonnes of wheat is bought in Punjab against the target of 12.5 million tonnes; the target of 8.5 million tonnes has been surpassed by 0.8 million tonnes in Haryana.
Source: Outlook Agriculture, 22 June, 2019
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