There are reports of continuous grain piles in Punjab and Haryana’s Mandis. Meanwhile, the speed of purchase of wheat for the buffer stock has declined from government agencies such as the Indian Food Corporation (FCI). However, the purchase of wheat is about 20 million tonnes. That is, until April 24, the purchase was 19.86 million tonnes, while 13.58 million tonnes a year ago, which was 46 per cent. On April 24, the daily purchase was 1.47 metric, which was 1.67 metric a year ago, which was 11.5 per cent lower, and on April 21 it increased by 14.1 per cent to 1.48 metric.
Cereal piles in Punjab-Haryana
The official source said, “There is no shortage of daily purchases, while last year’s procurement level has increased, which often results in harvesting in 2024 compared to this year.” However, private procurement has increased in Uttar Pradesh, especially in the last 710 days, which has increased slightly.
On the other hand, there are reports that the wheat pile is slowly lifting grains from some districts of Punjab and Haryana. Sources said that some newly formed pits have been filled and the government is making more racks for grain from these states.
Buying too much wheat in Punjab
According to recent data, the purchase of wheat in Punjab has moved beyond all other states. The season has reached 6.84 metric until April 24, while 4.58 metric during the same period last year. Haryana said its procurement was 5.89 metric against 5.19 matriculation a year ago. As usual, the government expects a significant contribution from these two states.
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The goal of buying several metric tons of wheat
Based on the comments received from the state governments, the center has set a target of purchase of 31.27 metric tonnes of wheat this year, including 12.4 metric tonnes from Punjab, 7.5 metric tonnes from Haryana, 6 from Madhya Pradesh, 3 from Utter, 3 from Utter, 0.2 Matri, 0.2 Matri from 0.2 Matri.
There will be many tons of wheat production
The Ministry of Agriculture estimates that wheat production will be registered at 115.43 metric in 2024-25 crop year (July-June), over 113.29 in 2023-24. According to data, the FCI in Madhya Pradesh has purchased 5.65 metric tonnes of wheat against 3.11 metric tonnes of last year after the purchase began from March 15. Explain that the state government has announced a bonus of Rs. Last year, the government bought 4.84 metric tonnes of wheat from Madhya Pradesh during the entire season.
Rajasthan reached 0.88 metric of procurement, which has reached standard criteria under the standard, average quality (questions) standards, while the purchase was less than 0.26 meters a year ago. Due to the bonus paid by the state government, the purchase target may reach 2 metric tons.
The price of wheat above the MSP
At the same time, there is anxiety in Uttar Pradesh because there is no improvement in procurement speed despite the provision of racks for private traders to carry food grains from the state. According to sources, it is considered to be the main production sector for the best quality in Shah Jahanpur. But this month, the prices of wheat mundi in Shah Jahanpur ranged from Rs 2,450 to Rs 2,500 per Quint. In such a situation, the rates of most major wheat mandis in the state are slightly higher than the MSP, while the average price of the state on Friday was Rs 2,446 per Quantile.
On Friday, the average wheat in Madhya Pradesh is Rs 2,494 per Quantile, Rs 2,473 for Quantile in Rajasthan, Rs.
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(Takestotranslate)
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