Government’s wheat procurement has increased by nearly 2% so far in 2015-16 marketing year as compared to wheat procured last year on the same date, , though quality of bulk of grains is affected due to hailstorms and unseasonal rains. The different state agencies and Food Corporation of India (FCI) have procured 26.47 million tonnes (MT) of wheat compared to 26.02 MT procured last year on the same date.
The Centre has fixed the wheat procurement target at 30.05 MT in 2015-16 marketing year (April-March) as against 28 MT bought by the Food Corporation of India (FCI) during last year. The arrival of wheat has been lower this season, as on date 30.55 MT has reached mandis across the country, compared to 32.94 MT in the year-ago period.
The state of Punjab continues to be the largest contributor to the food basket of the county with 9.85 MT of wheat procured this year. Madhya Pradesh has jumped to second position in wheat procurement with 7.15 MT, replacing Haryana which slipped to third position with 6.75 MT.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: