Boom has been recorded in brown collection on MSP, now the government’s goal is in fists!
This year, there is an unexpected increase in 34 percent of wheat government collection in India, which has reached 223.6 lakh tonnes. Depending on the target of 310 lakh tonnes set by the government, the current speed will be achieved soon. According to the Financial Express, there are many important aspects behind this unprecedented growth. Farmers are getting an attractive minimum support price (MSP) for their products and some states have also made an additional bonus. In addition, this year, good crop farmers encouraged to sell government agencies to sell their crops.
Food Corporation of India (FCI) and various state government agencies have so far collected 223.6 lakh tonnes of wheat from major wheat production areas. This number shows a significant jump than the same period last year. This strong collection determines adequate grain reserves for the Public Distribution System (PDS), as well as the government’s ability to interfere in the market through the Open Market Sale Scheme (OMSS).
Also read: Wheat collection number crosses 180 lakh tonnes, farmers can sell products at MSP until June 30
In the current marketing season (April-June 2024), the arrival of wheat in Mandis is over 297 lakh tonnes, of which 84 percent of the government agencies bought. It was much higher than the purchase of 266 lakh tonnes in the same period last year. In the last three years, it should be noted that the government’s collection of wheat at MSP is less than its prescribed goals.
Huge bounce in government procurement in Punjab, Madhya Pradesh
In Punjab this season, 83.8 lakh tonnes of wheat has been collected so far, which is noticeable than 68.5 lakh tonnes in the previous year. In Haryana, the state bought 61.9 lakh tonnes of wheat, last year this number was 57.2 lakh tonnes. Madhya Pradesh has increased its purchase target to 70 lakh tonnes and has already bought 61.4 lakh tonnes of wheat. This year’s purchase is very slow compared to 30 lakh tonnes in Uttar Pradesh and only 6.4 lakh tonnes of wheat are purchased.
However, some unauthorized sanctions have been imposed on the supply of rakes for the movement of the grain from the state. The government aims to buy wheat at MSP from MSP from Punjab, Madhya Pradesh (70 lakh tonnes), Uttar Pradesh (30 lakh tonnes), Rajasthan (2 lakh tonnes), Rajasthan (2 lakh tonnes) and Gujarat (1 lakh tonnes).
Also read: Farmers say the government is thinking about giving bonus speeds in Bihar
A good price of wheat in Mandis
The current average market prices in the main production of wheat are the following: 2427 per quintal in Punjab, Madhya Pradesh and Rs. The wheat processing industry estimates that the country’s total wheat production will be 1110 lakh tonnes this year, which is more than 1060 lakh tonnes in the previous year. The Ministry of Agriculture is targeting 1153 lakh tonnes of wheat production in the 2024-25 crop year (July-June), which shows an increase of 2 percent compared to the previous year. This year’s wheat seed area has increased to 320 lakh hectares, more than 315.6 lakh hectares last year and the average seed area of the last five years.
