India, the world’s second-largest wheat producer, banned wheat exports in May 2022 as a part of measures to management rising home costs. (Shutterstock)
Piyush Goyal says the procurement of wheat has began and the numbers for the primary week of shopping for are ‘very’ passable
The ban on exports of wheat will proceed as India has to guarantee satisfactory provides of the foodgrain for its home market and hold the inflation at verify, Union minister Piyush Goyal stated on Thursday. He stated that the procurement of wheat has began and the numbers for the primary week of shopping for are “very” satisfactory.
“I could believe that we will have a good harvest despite the unseasonal rains…We do believe that we will have to ensure adequate supplies for the Indian market and once the procurement period is over, we believe that it will be important that inflation is also contained in the country and therefore it is important that the wheat exports continue to remain banned,” the commerce and business and shopper affairs, meals and public distribution minister informed reporters right here.
He is right here on a two-day go to to meet leaders and companies so as to improve financial ties between India and Italy.
India, the world’s second-largest wheat producer, banned wheat exports in May 2022 as a part of measures to management rising home costs.
State-owned Food Corporation of India (FCI) Chairman and Managing Director Ashok Ok Meena has lately acknowledged that estimated increased wheat manufacturing this 12 months will guarantee enough provides for each authorities procurement and common consumption within the Indian market.
The authorities has projected a document wheat manufacturing of 112.18 million tonnes within the 2023-24 crop 12 months (July-June), as per the second estimate of the agriculture ministry.
On April 1, FCI godowns would have a wheat inventory of 84 lakh tonnes.
FCI is the federal government’s nodal company that undertakes the procurement and distribution of meals grains for the PDS (public distribution system) and welfare schemes.
Further, the Centre has relaxed high quality norms for wheat procurement in Punjab, Chandigarh, Haryana and Rajasthan to forestall distressed sale in addition to shield the curiosity of farmers.
The current premature rainfall, hailstorm and excessive velocity wind have broken the standing wheat crop, which was prepared for harvest, in some components of those states. These state governments had demanded the comfort in procurement norms.
Currently, wheat procurement is underway in Madhya Pradesh, whereas it has been delayed in different states due to premature rains. State-owned Food Corporation of India (FCI) together with state companies undertake the procurement of wheat.
“After the sphere survey, we’ve relaxed the standard norms for procurement of wheat in Punjab, Chandigarh, Haryana and Rajasthan so as to scale back hardship of farmers and to keep away from distressed sale of wheat,” Subodh Kumar Singh, Additional Secretary in the Union Food Ministry, said on March 11.
The Centre has asked these state governments to deduct the imposed value cut from the minimum support price of Rs 2,125 per quintal while making a payment to the farmers.
The government has purchased 13.20 lakh tonnes of wheat till April 10 of the ongoing 2023-24 marketing year (April-March) mostly from Madhya Pradesh. About 1,000 tonnes of wheat has been procured in Punjab, while 88,000 tonnes in Haryana in the same period, as per the food ministry data.
Asked about the lower procurement in Punjab and Haryana, the official said, “the procurement was delayed due to the untimely rains. The arrivals were not huge and therefore the procurement has not been much. However, in the next few days, the procurement of wheat in these two states will pick up.” The Centre goals to procure 34.2 million tonnes of wheat within the ongoing 2023-24 advertising 12 months (April-March), increased than 19 million tonnes achieved within the earlier 12 months.
Last 12 months, wheat procurement had declined due to a slight fall in manufacturing owing to warmth wave and unseasonal rains. However, this 12 months the manufacturing is estimated to attain a document of 112.2 million tonnes.
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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)
