Govt FY18 wheat procurement up 21.5% on year at 27.1 million tonne so far.

The government has procured 27.1 million tonne wheat so far in the 2017-18 (Apr-Mar) marketing year, up 21.5% on year. (still short of its target of 33 million tonne for the current fiscal). Purchases are highest in Punjab where the government has bought 11.49 million tonne, slightly lower than its target of 11.50 million tonne. At 7.33 million tonne, wheat procurement in Haryana is also close to the target of 7.50 million tonne. In Uttar Pradesh, the largest wheat-producing state, 1.51 million tonne has been purchased so far, sharply higher than a year ago but way behind the target of 3 million tonne for this year. Procurement in Madhya Pradesh is also unlikely to reach the target of 8.50 million tonne for the year as arrivals are declining in the state and the government has been so far able to procure to 5.85 million tonne of the grain.