With delay in harvesting of crop in Punjab and Haryana, the government's wheat procurement has fallen by 64 per cent so far this year at 46.81 lakh tonnes. The procurement of wheat stood at 130 lakh tonnes in the year-ago period. According to the latest data of Food Corporation of India, FCI, Punjab, which contributed the maximum in the buffer stock last year, has so far procured only 9.14 lakh tonnes against 61.61 lakh tonnes in the corresponding period of last year. In Haryana, too, the procurement and arrivals have so far remained lower compared to last year. The state has procured only 20.72 lakh tonnes tonnes till Monday as against 48.30 lakh tonnes in the year-ago period. Besides delay in harvesting, the arrival of wheat in mandies of Haryana and Punjab have been less so far this year as farmers were holding stocks in anticipation of bonus. The Centre has announced a bonus of 50 rupees per quintal to wheat farmers over and above the minimum support price of 1,120 rupees per quintal. FCI is targeting to procure a little over 26 million tonnes in 2011-12 as the wheat output is estimated to be a record 84.27 million tonnes in 2010-11.
News On AIR | April 19, 2011 5:24 PM
Wheat procurement falls 64 per cent on delayed harvesting