May 18, 2024

Agriculture Industry

Why is wheat procurement low despite bumper production?edit

Down To Earth

Wheat procurement reached 25.7 million metric tonnes (mmt) on May 17, 2024, against the government official target of 37.29 mmt fixed for the Rabi Marketing Season (RMS) 2024-25, according to Food Corporation of India (FCI) data. The current procurement is around 31 per cent less than the target, despite a bumper production year—the government has estimated a production of 112 mmt.

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