Wheat buying tops 20.5 MMT on higher arrivals in UP, Haryana.

Wheat procurement by government agencies has gathered pace on higher market arrivals in Uttar Pradesh and Haryana. The procurement at a minimum support price of ₹1,735 a quintal has crossed 20.5-million tonne (mt) as of April 23, almost one mt higher than corresponding last year’s 19.49 MMT. In Haryana, the purchases stood at 6.94 mt (6.15 mt) against a targetted 7.4 mt , almost same as that of last year’s 7.43 mt. However, in Punjab and Madhya Pradesh, purchases so far this year are lower than corresponding last year’s levels. The agencies have bought 8.1 mt in Punjab (8.37 mt).