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Wheat procurement reduced by 44 percent to 162 lakh tonnes till May 1 due to higher exports

New Delhi, May 2 (PTI) The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes in the current Rabi marketing year till May 1, due to higher exports and less arrivals in the mandis of Punjab and Haryana. Government sources have given this information.

According to the latest government data, about 162 lakh tonnes of wheat has been procured by government agencies till May 1 in the current Rabi Marketing Season (RMS) 2022-23. In the same period a year ago, this procurement was done at 288 lakh tonnes.

The data shows that around 14.70 lakh farmers have been benefitted by the procurement done at the Minimum Support Price (MSP) price of Rs 32,633.71 crore.

Rabi marketing season runs from April to March but bulk procurement ends by June.

The Center has set a record procurement target of 444 lakh tonnes of wheat in the marketing year 2022-23, as against the highest ever level i.e. 433.44 lakh tonnes in the last marketing year.

Government sources said the fall in government wheat procurement is mainly due to increase in private procurement for export as well as lower yields due to sudden rise in temperature in Punjab and Haryana.

About 9.63 lakh tonnes of wheat has been exported by private companies till April 21 this year, as against 1.3 lakh tonnes in the same period a year ago, sources said.

According to the data, the government’s wheat procurement in Punjab declined to 89 lakh tonnes in the current marketing season till May 1, as against 1.12 lakh tonnes in the year-ago period.

In Haryana, 37 lakh tonnes of wheat has been procured as compared to 80 lakh tonnes earlier in the same period.

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