Govt procures over 290 lakh tons of wheat so far, may hit 320-325 lakh tons: Pralhad Joshi

Pralhad Joshi announced that wheat procurement exceeded 290 lakh tonnes this year. The government anticipates reaching 320-325 lakh tonnes due to record production. The wheat procurement target is 312 lakh tonnes for the next marketing year. The g...

IANS
Pralhad Joshi announced that wheat procurement exceeded 290 lakh tonnes this year. ( Representative Photo)
Union Food and Consumer Affairs Minister Pralhad Joshi on Tuesday said the government has procured more than 290 lakh tonnes of wheat so far this year and the figure may reach 320-325 lakh tonnes on record production. Total wheat purchase stood at 265.9 lakh tonnes in the 2024-25 marketing year (April-March). Bulk of procurement takes place during April-June period.

"We have procured more than 290 lakh tonnes of wheat so far. Procurement operations are still undergoing. We may reach the figure of 320-325 lakh tonnes," Joshi told reporters on the sidelines of a conference here.

The government has set a wheat procurement target of 312 lakh tonnes for 2025-26 marketing year.


India is estimated to have harvested a record wheat crop of 115.3 million tonnes in 2024-25 crop year (July-June).

Asked about allowing wheat exports, Joshi said he will consult other ministries on the issue after assessing the stock situation once the procurement season ends.

State-owned Food Corporation of India (FCI) and state agencies procure wheat at a minimum support price for the central pool.
ADVERTISEMENT

FCI data shows all five major wheat procuring states -- Punjab, Haryana, Madhya Pradesh, Rajasthan and Uttar Pradesh -- have procured more wheat in the current year, as compared to last year.

As of May 16, Punjab has procured 11.57 million tonnes, followed by Madhya Pradesh 7.40 million tonnes, Haryana 7.01 million tonnes, and Rajasthan 1.64 million tonnes.

About Rs 62,346.23 crore in minimum support price payments have been made, benefitting 2.27 million farmers, the data showed.

Wheat harvesting has been fully completed in Madhya Pradesh, Haryana, Rajasthan, and Gujarat, with partial harvesting remaining in Punjab, Uttar Pradesh, and Bihar.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Agriculture › Govt procures over 290 lakh tons of wheat so far, may hit 320-325 lakh tons: Pralhad Joshi
Text Size:AAA
Success
This article has been saved

*

+