India wheat procurement up 16% so far; may cross target of 32 MMT.

Wheat procurement has risen by 16 per cent to 31.87 million tonnes so far in this marketing year and is all set to cross the government’s target of 32 MMT. State-run Food Corporation of India (FCI) and state agencies had procured 27.57 MT in the same period of the 2017-18 marketing year (April-March). Total wheat procurement stood at 30.82 MT in 2017-18 and government had fixed higher target in view of record output. There is increase in wheat purchase because more procurement centres were set up this year. As a result, more and more farmers are approaching the centres to sell their produce.