Wheat yield boosts government purchase in India.

A better yield of wheat in India this year is all set to boost the federal buying of the cereal for Public Distribution System, estimated at 319.5 lakh tonne, allaying concern after untimely rains hit the ripened crop in April in the Northern states. With record procurement on the cards in Punjab, Haryana and Uttar Pradesh, the Food Corporation of India (FCI) has already bought around 300 lakh tonnes of wheat. Despite record procurement in Northern states the total figure is expected to marginally surpass the estimate, maintains Food Corporation of India. The procurement has been less than estimates in Madhya Pradesh and the procurement in MP stood around 55 lakh tonnes compared to estimate of 67 lakh tonnes.