SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Wheat procurement slips 18% to 22.9 MT so far in current marketing year

24 Jun 2016 Evaluate

The procurement of wheat has declined by 18% to 22.9 million tonnes (MT) so far in the current 2016-17 marketing year (April-March). The procurement has fallen mainly due to lower arrival of wheat this year at about 25.6 MT as against over 31 MT last year despite forecast of a higher output.

However, there would not be any shortage of wheat in the country as FCI has about 31 MT of wheat in the stock as against the buffer norm of 27.5 MT as on July 1. The Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, had procured 28 MT of wheat in the 2015-16 marketing year.

According to Agriculture Ministry’s third advance estimate, India’s production has increased to 94.05 MT in the 2015-16 crop year (July-June), from 86.53 MT in the previous year.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×