Wheat prices steady in Kota despite higher arrivals.

Prices of wheat in the key wholesale market of Kota were unchanged despite a rise in arrivals, owing to the ongoing procurement by the government. So far, the government has purchased 952,296 tn of wheat in Rajasthan, up from 708,610 tn in the year-ago period.

FCI Wheat purchases top 27 mt as arrivals pick up.

As market arrivals increase, Government agencies such as the Food Corporation of India (FCI) have stepped up the procurement of wheat. Total purchases of the cereal, so far in the 2018-19 marketing season, have exceeded 27 million tonnes (mt), about 12.5 per cent higher than in the corresponding period last year. The Centre is targeting a procurement of 32 mt in the current year, higher than last year’s 30.82 mt.

Punjab, Haryana wheat procurement nearly 195 lakh tonnes.

WheatProcurementof nearly 195 lakh tonnes has been made in FoodGrain StatesPunjaband Haryanathis season. In Punjab, the WheatProcurementwas nearly 116 lakh tonnes till April 30 (Monday) as compared to 110.24 tonnes procured in the same period last year. Over 115.23 lakh tonnes (99.6 percent) has been procured by government agencies. In Haryana, over 79 lakh tonnes of Wheathas been procured so far this season.