Wheat procurement reaches 19.5 mn tonnes in FY24, surpasses FY23 purchase
The government on Thursday said that wheat procurement has reached 195 lakh tonnes so far in this marketing year that started in April, surpassing the total purchase made during the previous year.
"The procurement of wheat during RMS (rabi marketing season) 2023-24 has already surpassed the total procurement of RMS 2022-23," an official statement said.
Rabi marketing season runs from April-March, but bulk of purchases happen between April and June.
"In RMS 2022-23, the procurement was 188 lakh tonnes. However, till April 26th, 2023, wheat procurement during RMS 2023-24 is 195 lakh tonnes.
"This has largely benefitted the farmers. MSP (minimum support price) outflow of about Rs 41,148 crore has already been made to about 14.96 lakh farmers during the ongoing wheat procurement operations," the statement said.
Major contribution in the procurement comes from three wheat producing states of Punjab, Haryana and Madhya Pradesh with procurement of 89.79 lakh tonnes, 54.26 lakh tonnes and