FCI wheat procurement picks up, nears 120 lakh tonnes
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Wheat procurement in India hits 119.26 lakh tonnes, down from 159.23 lt last year. Despite Punjab’s decline, recent purchases signal procurement rebound. Untimely rains affected FCI’s operations, increasing grain moisture.
Wheat procurement in the country reached 119.26 lakh tonnes (lt) until April 23, against 159.23 lt year-ago, official data show. Though there is a drop in Punjab, as much as 31.64 lt was bought in last six days from April 19 for the Central Pool stock, which indicates that the procurement is back on track. Procurement by the food Corporation of India (FCI) got affected by untimely rains earlier this month in Punjab resulting in higher grain moisture.
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