India, worlds’ second largest wheat producer after China, is likely to cross 100 MT of wheat production in the current rabi season, an all-time high level. In the 2017-18 crop year (July-June), wheat output had marked 99.70 MT.
Meanwhile, the Centre is likely to announce production estimates soon for rabi crops of 2018-19. Wheat output is expected to climp despite fall of around 8 lakh hectare in wheat area to 296 lakh hectare so far this rabi season.
Moreover, the government had increased the minimum support price (MSP) of wheat to Rs 1,840 per quintal from Rs 1,735 per quintal, as part of its decision to fix the support price at least 1.5 times of the production cost.
Under the National Food Security Act, the nodal agency for procurement and distribution of foodgrains and state agencies - Food Corporation of India (FCI) buy wheat from farmers at MSP and the grain is distributed at Rs 2 per kg to over 80 crore people.
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