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Wheat Procurement rises 50% to 323.67 lakh tonne till May 6 in ongoing 2021-22 rabi marketing season

10 May 2021 Evaluate

The food ministry said wheat Procurement has risen 50 per cent to 323.67 lakh tonne so far in the ongoing 2021-22 rabi marketing season, benefiting over 32 lakh farmers with MSP payment of Rs 63,924.56 crore. The Centre's nodal agency Food Corporation of India (FCI) and state agencies undertake procurement at minimum support price (MSP). The MSP payment is made directly into the bank accounts of farmers.

The ministry said total wheat procurement has reached 323.67 lakh tonne till May 6 of the 2021-22 rabi marketing season (April-March), up from 216 lakh tonne in the year-ago period. It added that about 32.21 lakh farmers have already benefited from the ongoing rabi marketing season procurement operations with MSP value of Rs 63,924.56 crore.

It also said procurement of wheat -- the main rabi (winter) crop --  is continuing smoothly in Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Uttarakhand, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Jammu & Kashmir and Bihar.