Govt FY19 wheat procurement up 16% on year at 34.1 MMT so far.

The government has surpassed its wheat procurement target for 2018-19 (Apr-Mar), having bought 34.1 mln tn of the food grain so far. Purchases are 16% higher on year. For the current marketing year, the Centre had fixed the procurement target at 32.0 mln tn compared with 30.8 mln tn purchased a year ago. The government expects wheat procurement in 2018-19 to breach the target by 3.0 mln tn. Even though purchases have “dwindled” in Punjab, Haryana, and Rajasthan, they will continue in Uttar Pradesh for another one month.