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Wheat procurement at MSP begins at a gradual tempo, arrivals low too

Government has fastened the wheat MSP at Rs 1,925/quintal.

After buying about 3,000 tonne of wheat on the primary day, Punjab procured round 90,000 tonne of the grain instantly from farmers on the minimal help value (MSP) on Thursday. Arrivals at procurement centres in different states are but to select up after mandis had been opened for buying and selling from April 15.

The procurement on April 15 was about 5,000 tonne, primarily from Punjab and Madhya Pradesh, in contrast with 18 lakh tonne within the year-ago interval. Due to delayed begin and enforcement of social distancing, the Food Corporation of India (FCI) has been monitoring the procurement on the high stage, meals ministry officers mentioned. The authorities must be very cautious in order that farmers get the MSP profit.

While the federal government has fastened the wheat MSP at Rs 1,925/quintal, merchants are shopping for the grain at about Rs 1,700-1,800/quintal in mandis in Gujarat and Rajasthan. Rates are anticipated to extend as official procurement picks up. Open market arrivals are additionally very low – about 8,000-9,000 tonne per day in Rajasthan, in opposition to 40,000 tonne within the year-ago interval.

Madhya Pradesh, which had each day arrivals of 1.3-1.5 lakh tonne of wheat throughout this time final yr, recorded simply 6,500 tonne in mandis on April 15. The state procured total 1,917 tonne for the central pool that reached its buy centres (not mandis) on Wednesday. The procurement in Uttar Pradesh was solely about 200 tonne whereas each day arrival was about 10,000-12,000 tonne.

Meanwhile, in a video interplay with the meals processing secretary, flour millers (which course of 22-24 million tonne of wheat yearly) have assured the federal government that they’d preserve working their crops in opposition to all odds to beat any scarcity of wheat flour available in the market. The Roller Flour Millers’ Federation of India has requested the Centre to prevail upon the state governments to maintain the APMC Act in abeyance quickly in order that millers can instantly purchase wheat from farmers with out visiting mandis. Apart from atta and sooji, flour mills additionally make maida, which is the important thing uncooked materials of lots of the processed meals merchandise like bread, biscuit and noodles.

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