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Govt fixes wheat procurement target of 34.15 million tonnes for 2023-24 marketing year

03 Mar 2023 Evaluate

The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million tonnes purchased in the previous year. Wheat procurement had declined last year due to a fall in domestic production and higher exports. However, the government has projected a record wheat production at 112.18 million tonnes in the 2023-24 crop year (July-June) as per the second estimate of the agriculture ministry.

The food ministry said out of the total wheat procurement target for the 2022-23 marketing year (April-March), Punjab will aim to procure 2.5 million tonnes wheat, Haryana 1.5 million tonnes and Madhya Pradrsh 2 million tonnes. Besides wheat, the government has also fixed rabi (winter) rice procurement target at 10.6 million tonnes in the 2022-23 marketing year.

States have been advised to enhance rice milling capacity so that milling of one season gets completed before the commencement of next season and recycling of rice may be avoided. Whereas procurement of millets and coarse grains is estimated to be 7,50,000 tonnes this year, higher than 6,30,000 tonnes in 2021-22. Karnataka will procure 6,00,000 tonnes of millets this year.

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